MiniLuxe Holding (TSXV:MNLX) LT-Debt-to-Total-Asset : 0.73 (As of Mar. 2024)

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What is MiniLuxe Holding 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. MiniLuxe Holding's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.73.

MiniLuxe Holding's long-term debt to total assets ratio increased from Mar. 2023 (0.32) to Mar. 2024 (0.73). It may suggest that MiniLuxe Holding is progressively becoming more dependent on debt to grow their business.

MiniLuxe Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for MiniLuxe Holding'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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MiniLuxe Holding LT-Debt-to-Total-Asset Chart

MiniLuxe Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.34

1.05

0.24

0.33

0.61

MiniLuxe Holding Quarterly Data
	Dec18	Dec19	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													0.32	0.37	0.42	0.61	0.73

MiniLuxe Holding LT-Debt-to-Total-Asset Calculation

MiniLuxe Holding'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 )
	=	13.816	/	22.688
	=	0.61

MiniLuxe Holding'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 )
	=	15.068	/	20.785
	=	0.72

MiniLuxe Holding (TSXV:MNLX) 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.

MiniLuxe Holding LT-Debt-to-Total-Asset Related Terms

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MiniLuxe Holding (TSXV:MNLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » MiniLuxe Holding Corp (TSXV:MNLX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MNLXF:USA

Address

20 Holly Street, Suite 300, Toronto, ON, CAN

Website

MiniLuxe Holding Corp owns and operates nail and beauty salons and provides consumers with nail, hand, foot care, and waxing services, and sells personal beauty products. The Company operates in only one geographical region which is the United States of America.

MiniLuxe Holding (TSXV:MNLX) Headlines

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