MCIC (MultiCorp International) LT-Debt-to-Total-Asset : 1.76 (As of Sep. 2023)

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What is MultiCorp International 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. MultiCorp International's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 1.76.

MultiCorp International's long-term debt to total assets ratio increased from . 20 (0.00) to Sep. 2023 (1.76). It may suggest that MultiCorp International is progressively becoming more dependent on debt to grow their business.

MultiCorp International LT-Debt-to-Total-Asset Historical Data

The historical data trend for MultiCorp International'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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MultiCorp International LT-Debt-to-Total-Asset Chart

MultiCorp International Annual Data

Trend

LT-Debt-to-Total-Asset

MultiCorp International Quarterly Data
	Jun21	Jun22	Sep22	Sep23
LT-Debt-to-Total-Asset	-	9.89	-	1.76

MultiCorp International LT-Debt-to-Total-Asset Calculation

MultiCorp International's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )	=	Long-Term Debt & Capital Lease Obligation (A: . 20 )	/	Total Assets (A: . 20 )
	=		/
	=

MultiCorp International's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.354	/	0.201
	=

MultiCorp International (OTCPK:MCIC) 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.

MultiCorp International LT-Debt-to-Total-Asset Related Terms

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MultiCorp International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » MultiCorp International Inc (OTCPK:MCIC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5308 Derry Avenue, Suite R, Agoura Hills, CA, USA, 91301

Website

https://www.multicorpinternational.com

MultiCorp International Inc engages in the medical business in the United States. It is a supplier of nitrile medically approved gloves and other PPE supplies to include gowns, masks and other items for the medical industry. It is also working on a medical app that will assist in monitoring potential life threatening scenarios.

MultiCorp International Headlines

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