Modern Times Group MTG AB (STU:MRTA) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Modern Times Group MTG AB 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. Modern Times Group MTG AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Modern Times Group MTG AB's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.01). It may suggest that Modern Times Group MTG AB is progressively becoming more dependent on debt to grow their business.

Modern Times Group MTG AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Modern Times Group MTG AB'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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Modern Times Group MTG AB LT-Debt-to-Total-Asset Chart

Modern Times Group MTG AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.06

0.01

Modern Times Group MTG AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	0.01	0.01

Modern Times Group MTG AB LT-Debt-to-Total-Asset Calculation

Modern Times Group MTG AB'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 )
	=	12.337	/	1564.539
	=	0.01

Modern Times Group MTG AB'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 )
	=	11.841	/	1603.392
	=	0.01

Modern Times Group MTG AB (STU:MRTA) 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.

Modern Times Group MTG AB LT-Debt-to-Total-Asset Related Terms

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Modern Times Group MTG AB (STU:MRTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Modern Times Group MTG AB (STU:MRTA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MTG B:Sweden MTG A:Sweden 0GXJ:UK

Address

Skeppsbron 18, P.O. Box 2094, Stockholm, SWE, SE-103 13

Website

https://www.mtg.com

Modern Times Group MTG AB invests in esports, mobile games and other digital entertainment. The group's companies offer a wide range of games available to audiences all over the world. MTG's portfolio of IP spans across both the casual and mid-core segments of the gaming market. A vast majority of games are available to consumers on a free-to-play (F2P) basis, and the group primarily generates revenues from in-app purchases and in-app advertising. The Group operates in Europe, Singapore, USA, India and New Zealand.

Modern Times Group MTG AB (STU:MRTA) Headlines

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