More Provident Funds And Pension (XTAE:MPP) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2023)

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What is More Provident Funds And Pension 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. More Provident Funds And Pension's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.40.

More Provident Funds And Pension's long-term debt to total assets ratio increased from Dec. 2022 (0.39) to Dec. 2023 (0.40). It may suggest that More Provident Funds And Pension is progressively becoming more dependent on debt to grow their business.

More Provident Funds And Pension LT-Debt-to-Total-Asset Historical Data

The historical data trend for More Provident Funds And Pension'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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More Provident Funds And Pension LT-Debt-to-Total-Asset Chart

More Provident Funds And Pension Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.33

0.48

0.39

0.40

More Provident Funds And Pension Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.39	0.38	0.41	0.40	0.40

More Provident Funds And Pension LT-Debt-to-Total-Asset Calculation

More Provident Funds And Pension'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 )
	=	201.647	/	505.753
	=	0.40

More Provident Funds And Pension'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 )
	=	201.647	/	505.753
	=	0.40

More Provident Funds And Pension (XTAE:MPP) 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.

More Provident Funds And Pension LT-Debt-to-Total-Asset Related Terms

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More Provident Funds And Pension (XTAE:MPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » More Provident Funds And Pension Ltd (XTAE:MPP) » Definitions » LT-Debt-to-Total-Asset

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N/A

Address

Ben Gurion Road 2, PO Box: 514956465, Ramat Gan, ISR, 5257334

Website

https://www.moreinvest.co.il

More Provident Funds And Pension Ltd, formerly More Provident Funds Ltd offers variety of long-term savings routes at different risk levels. The company offers provident funds, study funds and investment provident funds.

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