Moving iMage Technologies (Moving iMage Technologies) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Moving iMage Technologies 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. Moving iMage Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Moving iMage Technologies's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.00). It may suggest that Moving iMage Technologies is progressively becoming less dependent on debt to grow their business.

Moving iMage Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Moving iMage Technologies'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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Moving iMage Technologies LT-Debt-to-Total-Asset Chart

Moving iMage Technologies Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.37

0.30

0.01

Moving iMage Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.01	0.01	-	-

Moving iMage Technologies LT-Debt-to-Total-Asset Calculation

Moving iMage Technologies'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 )
	=	0.151	/	13.33
	=	0.01

Moving iMage Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0	/	12.692
	=	0.00

Moving iMage Technologies (AMEX:MITQ) 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.

Moving iMage Technologies LT-Debt-to-Total-Asset Related Terms

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Moving iMage Technologies (Moving iMage Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Moving iMage Technologies Inc (AMEX:MITQ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

17760 Newhope Street, Fountain Valley, CA, USA, 92708

Website

http://www.movingimagetech.com

Moving iMage Technologies Inc is engaged in providing designed equipment as well as other off the shelf cinema products needed for contemporary cinema requirements. It offers technical, design and consulting services such as custom engineering, systems design, integration and installation, and digital technology, as well as software solutions for operations enhancement and theatre management.

Executives

William F Greene	officer: Interim CFO	12220 EL CAMINO REAL #410, CARLSBAD CA 92130
Philip L. Rafnson	director, 10 percent owner, officer: CEO, Pres.	17760 NEWHOPE STREET, IRVINE CA 92708
Bevan Wright	officer: EVP Operations	17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
John Stiska	director
Katherine D Crothall	director	2425 S. BLUE CRANE DRIVE, JACKSON WY 83001
Jose Delgado	officer: EVP Sales & Marketing	11760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
Michael R. Sherman	officer: CFO	17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
Scott Lloyd Anderson	director	17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92075
Sound Management Investors, Llc	10 percent owner	11109 XYLON AVENUE S, BLOOMINGTON MN 55438