MultiMetaVerse Holdings (MultiMetaVerse Holdings) LT-Debt-to-Total-Asset : 4.52 (As of Dec. 2023)

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What is MultiMetaVerse 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. MultiMetaVerse Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 4.52.

MultiMetaVerse Holdings's long-term debt to total assets ratio increased from Dec. 2022 (2.80) to Dec. 2023 (4.52). It may suggest that MultiMetaVerse Holdings is progressively becoming more dependent on debt to grow their business.

MultiMetaVerse Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for MultiMetaVerse 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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MultiMetaVerse Holdings LT-Debt-to-Total-Asset Chart

MultiMetaVerse Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

1.33

2.80

4.52

MultiMetaVerse Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	1.44	2.80	4.18	4.52

MultiMetaVerse Holdings LT-Debt-to-Total-Asset Calculation

MultiMetaVerse Holdings'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 )
	=	24.204	/	5.355
	=	4.52

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	24.204	/	5.355
	=	4.52

MultiMetaVerse Holdings (NAS:MMV) 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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MultiMetaVerse Holdings (MultiMetaVerse Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MultiMetaVerse Holdings Ltd (NAS:MMV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 718, Lingshi Road, Building D3, Jingan District, Shanghai, CHN, 200072

Website

MultiMetaVerse Holdings Ltd is an animation and entertainment company. It is devoted to establishing an open community for its global users comprised of animation viewers, game players, and content creators and to providing high-quality and immersive entertainment experiences by way of original content, user-generated content, and professional user-generated content.