Mmcite AS (XPRA:MMCTE) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2022)

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What is Mmcite AS 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. Mmcite AS's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.03.

Mmcite AS's long-term debt to total assets ratio increased from . 20 (0.00) to Dec. 2022 (0.03). It may suggest that Mmcite AS is progressively becoming more dependent on debt to grow their business.

Mmcite AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mmcite AS'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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Mmcite AS LT-Debt-to-Total-Asset Chart

Mmcite AS Annual Data

Trend

Dec22

Dec23

LT-Debt-to-Total-Asset

0.03

0.02

Mmcite AS Quarterly Data
	Dec22	Dec23
LT-Debt-to-Total-Asset	0.03	0.02

Mmcite AS LT-Debt-to-Total-Asset Calculation

Mmcite AS'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 )
	=	10.347	/	617.209
	=	0.02

Mmcite AS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	11.944	/	474.023
	=

Mmcite AS (XPRA:MMCTE) 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.

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Mmcite AS (XPRA:MMCTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Mmcite AS (XPRA:MMCTE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vinohradská 907, Ma?atice, Uherské Hradište, CZE, 686 05

Website

https://www.mmcite.com

Mmcite AS is a company that specializes in design and construction projects for public spaces. Their range of products and services includes the design and realization of both transportation terminals and street furniture, for example such as benches, litter bins, rails and cycle stands. Within the industry of street furniture, it is one of the first manufactures in the world to introduce products created by 3D concrete printing.

Mmcite AS (XPRA:MMCTE) Headlines

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