Tan Delta Systems (LSE:TAND) Debt-to-Asset : 0.02 (As of Dec. 2023)

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What is Tan Delta Systems Debt-to-Asset?

Tan Delta Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.03 Mil. Tan Delta Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.07 Mil. Tan Delta Systems's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was £5.49 Mil. Tan Delta Systems's debt to asset for the quarter that ended in Dec. 2023 was 0.02.

Tan Delta Systems Debt-to-Asset Historical Data

The historical data trend for Tan Delta Systems's Debt-to-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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Tan Delta Systems Debt-to-Asset Chart

Tan Delta Systems Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.42

0.33

0.18

0.02

Tan Delta Systems Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial			0.33	-	0.18	0.14	0.02

Competitive Comparison of Tan Delta Systems's Debt-to-Asset

For the Oil & Gas Equipment & Services subindustry, Tan Delta Systems's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tan Delta Systems's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tan Delta Systems's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Tan Delta Systems's Debt-to-Asset falls into.

Tan Delta Systems Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tan Delta Systems's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.027	+	0.072)	/	5.488
	=	0.02

Tan Delta Systems's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.027	+	0.072)	/	5.488
	=	0.02

Tan Delta Systems (LSE:TAND) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Tan Delta Systems Debt-to-Asset Related Terms

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Tan Delta Systems (LSE:TAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tan Delta Systems plc (LSE:TAND) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Church Lane, 1 Carrera Court, Dinnington, Sheffield, GBR, S25 2RG

Website

https://www.tandeltasystems.com

Tan Delta Systems plc develops advanced real-time oil analysis and analytic technologies and products with unique capabilities that enable equipment operators to significantly reduce operating costs, improve efficiency and reduce carbon footprint. It develops all its core technologies and products in-house, with manufacturing undertaken by its carefully selected manufacturing partners with whom its dedicated production QA department works. The company operates on a global scale with customers ranging from the largest engine manufacturers to small single equipment operators, from North America and Australia to Chile, India, Russia and Finland. Its products include Sensors, Kits, Display solutions, Gateways & modems and Accessories & services.

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