MiMedia Holdings (TSXV:MIM) LT-Debt-to-Total-Asset : 1.97 (As of Dec. 2023)

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What is MiMedia Holdings 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. MiMedia Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 1.97.

MiMedia Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (1.97). It may suggest that MiMedia Holdings is progressively becoming more dependent on debt to grow their business.

MiMedia Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for MiMedia Holdings'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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MiMedia Holdings LT-Debt-to-Total-Asset Chart

MiMedia Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

1.97

MiMedia Holdings Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							-	0.74	1.09	1.38	1.97

MiMedia Holdings LT-Debt-to-Total-Asset Calculation

MiMedia Holdings'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 )
	=	5.172	/	2.627
	=	1.97

MiMedia Holdings'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 )
	=	5.172	/	2.627
	=	1.97

MiMedia Holdings (TSXV:MIM) 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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MiMedia Holdings (TSXV:MIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MiMedia Holdings Inc (TSXV:MIM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o WeWork, 85 Broad Street, New York, NY, USA, 10004

Website

http://www.mimedia.com

MiMedia Holdings Inc provides a next-generation consumer cloud platform that enables all types of personal media to be secured in the cloud, accessed seamlessly at any time, across all devices and on all operating systems. The company's platform differentiates with its rich media experience, robust organization tools, private sharing capabilities and features that drive content re-engagement. MiMedia partners with smartphone makers and telecom carriers globally and provides its partners with recurring revenue streams, improved customer retention and market differentiation. The platform services millions of engaged users around the world.

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