Mad Paws Holdings (ASX:MPA) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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What is Mad Paws 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. Mad Paws Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

Mad Paws Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.04) to Dec. 2023 (0.07). It may suggest that Mad Paws Holdings is progressively becoming more dependent on debt to grow their business.

Mad Paws Holdings LT-Debt-to-Total-Asset Historical Data

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

Mad Paws Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.01

0.04

0.07

Mad Paws Holdings Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.06	0.04	0.04	0.07	0.07

Mad Paws Holdings LT-Debt-to-Total-Asset Calculation

Mad Paws Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	2.323	/	31.879
	=	0.07

Mad Paws 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 )
	=	2.202	/	32.629
	=	0.07

Mad Paws Holdings (ASX:MPA) 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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Mad Paws Holdings (ASX:MPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Mad Paws Holdings Ltd (ASX:MPA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

126-130 Phillip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.madpaws.com.au

Mad Paws Holdings Ltd is an Australian-based pet services business whose primary activity is the operation of a pet care services online marketplace. The Mad Paws marketplace matches and connects pet owners seeking pet care services, such as pet sitting, walking, daycare, and grooming, with pet sitters, walkers, and other pet service providers registered on the marketplace. The company operates in two segments, marketplace, and E-commerce & subscription. The majority of revenue is derived from e-commerce & subscription segments.