Max Stock (XTAE:MAXO) LT-Debt-to-Total-Asset : 0.51 (As of Mar. 2024)

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What is Max Stock 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. Max Stock's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.51.

Max Stock's long-term debt to total assets ratio declined from Mar. 2023 (0.58) to Mar. 2024 (0.51). It may suggest that Max Stock is progressively becoming less dependent on debt to grow their business.

Max Stock LT-Debt-to-Total-Asset Historical Data

The historical data trend for Max Stock'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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Max Stock LT-Debt-to-Total-Asset Chart

Max Stock Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.57

0.54

0.56

0.57

0.55

Max Stock 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															0.58	0.63	0.61	0.55	0.51

Max Stock LT-Debt-to-Total-Asset Calculation

Max Stock'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 )
	=	613.811	/	1109.147
	=	0.55

Max Stock'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 )
	=	599.07	/	1167.308
	=	0.51

Max Stock (XTAE:MAXO) 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.

Max Stock LT-Debt-to-Total-Asset Related Terms

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Max Stock (XTAE:MAXO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Max Stock Ltd (XTAE:MAXO) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

71 Khalutzei HaTa'a'ssiya Street, Admirality Center, Haifa, ISR

Website

https://www.maxstock.co.il

Max Stock Ltd operates a chain of departmental stores. The stores offer school supplies, tools and hardware, clothing items, toys, plasticware, gifts and accessories, baking utensils, furniture, home decor items, and other products.

Max Stock (XTAE:MAXO) Headlines

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