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Magic Empire Global (Magic Empire Global) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)


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What is Magic Empire Global 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. Magic Empire Global's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Magic Empire Global's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.00). It may suggest that Magic Empire Global is progressively becoming less dependent on debt to grow their business.

Magic Empire Global LT-Debt-to-Total-Asset Historical Data

The historical data trend for Magic Empire Global'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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Magic Empire Global LT-Debt-to-Total-Asset Chart

Magic Empire Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
- 0.14 0.01 -

Magic Empire Global Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial 0.14 0.13 0.01 0.01 -

Magic Empire Global LT-Debt-to-Total-Asset Calculation

Magic Empire Global'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 )
=0/17.703
=0.00

Magic Empire Global'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 )
=0/17.703
=0.00

* 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.

Magic Empire Global  (NAS:MEGL) 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.

Magic Empire Global LT-Debt-to-Total-Asset Related Terms

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Magic Empire Global (Magic Empire Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Magic Empire Global Ltd (NAS:MEGL) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
3/F, 8 Wyndham Street, Central, Hong Kong, HKG
Website
https://www.meglmagic.com
Magic Empire Global Ltd is a financial services provider in Hong Kong which principally engaged in the provision of corporate finance advisory services and underwriting services.