Montfort Capital (Montfort Capital) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is Montfort Capital LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Montfort Capital's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Montfort Capital's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.15). It may suggest that Montfort Capital is progressively becoming more dependent on debt to grow their business.

Montfort Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Montfort Capital's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Montfort Capital LT-Debt-to-Total-Asset Chart

Montfort Capital Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.10

0.01

0.19

0.04

Montfort Capital Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.05	0.05	0.04	0.15

Montfort Capital LT-Debt-to-Total-Asset Calculation

Montfort Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	13.118	/	300.021
	=	0.04

Montfort Capital's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	46.844	/	319.508
	=	0.15

Montfort Capital (OTCPK:MONTF) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Montfort Capital LT-Debt-to-Total-Asset Related Terms

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Montfort Capital (Montfort Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Montfort Capital Corp (OTCPK:MONTF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MONT.PR.A.PFD:Canada MONT:Canada

Address

181 Bay Street, Suite 2920, Bay Wellington Tower, Toronto, ON, CAN, M5J 2T3

Website

https://www.montfortcapital.com

Montfort Capital Corp manages a diversified family of specialized private credit brands that utilize focused strategies and experienced management teams combined with advanced technology to improve fee-related performance. Montfort facilitates transparency for all its investors through public company reporting. Its mission is to create value for shareholders by leveraging a tech-enabled lending platform to provide private debt capital to growing businesses through its group of specialty finance companies.