Multi Ways Holdings (Multi Ways Holdings) LT-Debt-to-Total-Asset : 0.08 (As of Jun. 2023)

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What is Multi Ways Holdings 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. Multi Ways Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.08.

Multi Ways Holdings's long-term debt to total assets ratio declined from Jun. 2022 (0.14) to Jun. 2023 (0.08). It may suggest that Multi Ways Holdings is progressively becoming less dependent on debt to grow their business.

Multi Ways Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Multi Ways Holdings'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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Multi Ways Holdings LT-Debt-to-Total-Asset Chart

Multi Ways Holdings Annual Data

Trend

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.19

0.16

0.10

Multi Ways Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.16	0.14	0.10	0.08

Multi Ways Holdings LT-Debt-to-Total-Asset Calculation

Multi Ways Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	5.289	/	52.786
	=	0.10

Multi Ways Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	5.181	/	63.702
	=	0.08

Multi Ways Holdings (AMEX:MWG) 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.

Multi Ways Holdings LT-Debt-to-Total-Asset Related Terms

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Multi Ways Holdings (Multi Ways Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Multi Ways Holdings Ltd (AMEX:MWG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3E Gul Circle, Singapore, SGP, 629633

Website

https://www.multiways.com.sg

Multi Ways Holdings Ltd is a supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region. The wide variety of new and used heavy construction equipment for sale and rental by customers range from: earth-moving equipment such as bulldozers, off-terrain dump trucks, excavators and wheel loaders; material-handling equipment such as crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts and telescopic handlers; road-building equipment such as motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers and mini excavators; and generators and compressors, such as air compressors, generators, lighting towers and welding machines.