Tekmar Group (LSE:TGP) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Tekmar Group 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. Tekmar Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Tekmar Group's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.01). It may suggest that Tekmar Group is progressively becoming less dependent on debt to grow their business.

Tekmar Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tekmar Group'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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Tekmar Group LT-Debt-to-Total-Asset Chart

Tekmar Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.94

0.01

0.02

Tekmar Group Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.05	-	0.02	0.02	0.01

Tekmar Group LT-Debt-to-Total-Asset Calculation

Tekmar Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	0.834	/	53.255
	=	0.02

Tekmar Group'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 )
	=	0.719	/	51.581
	=	0.01

Tekmar Group (LSE:TGP) 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.

Tekmar Group LT-Debt-to-Total-Asset Related Terms

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Tekmar Group (LSE:TGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tekmar Group PLC (LSE:TGP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

6UA:Germany

Address

Centurion Way, Innovation House, Darlington, GBR, DL3 0UP

Website

https://www.tekmargroup.com

Tekmar Group PLC is engaged in the designing, manufacturing, and supply of subsea cable, umbilical, and flexible protection systems. Its sector includes Offshore Wind, Oil & Gas, Interconnectors, Wave & Tidal, Marine Civils, and Telecoms. Geographically it has a presence in the UK and Ireland, China, the USA and Canada, the Middle East, and the Rest of the World, and the majority of the revenue comes from Europe.