M P Evans Group (LSE:MPE) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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What is M P Evans Group 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. M P Evans Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

M P Evans Group's long-term debt to total assets ratio declined from Dec. 2022 (0.05) to Dec. 2023 (0.05). It may suggest that M P Evans Group is progressively becoming less dependent on debt to grow their business.

M P Evans Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for M P Evans Group'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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M P Evans Group LT-Debt-to-Total-Asset Chart

M P Evans Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.12

0.09

0.05

M P Evans Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.07	0.05	0.04	0.05

M P Evans Group LT-Debt-to-Total-Asset Calculation

M P Evans Group'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 )
	=	26.396	/	493.867
	=	0.05

M P Evans Group'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 )
	=	26.396	/	493.867
	=	0.05

M P Evans Group (LSE:MPE) 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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M P Evans Group (LSE:MPE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » M P Evans Group PLC (LSE:MPE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MPE.GB:UK NYP:Germany

Address

3 Clanricarde Gardens, Tunbridge Wells, Kent, GBR, TN1 1HQ

Website

https://www.mpevans.co.uk

M P Evans Group PLC operates oil palm and rubber plantations in Indonesia, beef-cattle operations in Australia, and oil-palm plantations and property development in West Malaysia. The company's business includes plantation crops in Indonesia, with a residual balance in Malaysia, cattle in Australia, and property development in Malaysia. It operates through segments namely, palm oil plantation crops in Indonesia and property development in Malaysia and Others. The company generates the majority of its revenue from palm oil plantation crops in Indonesia.