Monalisa Group Co (SZSE:002918) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is Monalisa Group Co 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. Monalisa Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Monalisa Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.25) to Mar. 2024 (0.21). It may suggest that Monalisa Group Co is progressively becoming less dependent on debt to grow their business.

Monalisa Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Monalisa Group Co'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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Monalisa Group Co LT-Debt-to-Total-Asset Chart

Monalisa Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.10

0.22

0.24

0.21

Monalisa Group Co 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															0.25	0.21	0.21	0.21	0.21

Monalisa Group Co LT-Debt-to-Total-Asset Calculation

Monalisa Group Co'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 )
	=	2011.786	/	9694.43
	=	0.21

Monalisa Group Co'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 )
	=	1972.549	/	9508.951
	=	0.21

Monalisa Group Co (SZSE:002918) 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.

Monalisa Group Co LT-Debt-to-Total-Asset Related Terms

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Monalisa Group Co (SZSE:002918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Monalisa Group Co Ltd (SZSE:002918) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Taiping Industrial Zone, Xiqiao Town, Nanhai District, Guangdong Province, Foshan City, CHN, 528211

Website

http://www.monalisa.com.cn

Monalisa Group Co Ltd is a China-based company is engaged in the production and sales of high-quality building ceramic products. Its products include ceramic tiles, porcelain panel, and ceramic art paintings.

Executives

Liu Yi Jun	Executives
Chen Bing Yao	Supervisors
Zhang Qi Kang	Secretary, Director
Chen Feng	Directors, executives

Monalisa Group Co (SZSE:002918) Headlines

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