Musti Group (OHEL:MUSTI) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Musti 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. Musti Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Musti Group's long-term debt to total assets ratio declined from Mar. 2023 (0.31) to Mar. 2024 (0.13). It may suggest that Musti Group is progressively becoming less dependent on debt to grow their business.

Musti Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Musti 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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Musti Group LT-Debt-to-Total-Asset Chart

Musti Group Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.40

0.32

Musti Group 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															0.31	0.33	0.32	0.16	0.13

Musti Group LT-Debt-to-Total-Asset Calculation

Musti Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	125.461	/	394.242
	=	0.32

Musti Group'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 )
	=	53.503	/	404.241
	=	0.13

Musti Group (OHEL:MUSTI) 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.

Musti Group LT-Debt-to-Total-Asset Related Terms

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Musti Group (OHEL:MUSTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Musti Group PLC (OHEL:MUSTI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MUSTIh:UK 0A3B:UK 49U:Germany

Address

Makitorpantie 3 B, Helsinki, FIN, 00620

Website

https://www.mustigroup.com

Musti Group PLC is an operator of omnichannel which caters to the needs of pets and their parents. The company has more than three hundred stores and also operates through an online channel. It generates revenue through sales of pet products, food, and accessories. It also offers services such as grooming, training, and veterinary services. The company's reporting segments are based on geographical regions which are Finland, Sweden, and Norway.

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