Turbon AG (LTS:0GCN) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Turbon AG 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. Turbon AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Turbon AG's long-term debt to total assets ratio declined from Dec. 2022 (0.05) to Dec. 2023 (0.04). It may suggest that Turbon AG is progressively becoming less dependent on debt to grow their business.

Turbon AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Turbon AG'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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Turbon AG LT-Debt-to-Total-Asset Chart

Turbon AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.14

0.06

0.05

0.04

Turbon AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.04	0.05	0.02	0.04

Turbon AG LT-Debt-to-Total-Asset Calculation

Turbon AG'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 )
	=	1.681	/	45.617
	=	0.04

Turbon AG'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 )
	=	1.681	/	45.617
	=	0.04

Turbon AG (LTS:0GCN) 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.

Turbon AG LT-Debt-to-Total-Asset Related Terms

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Turbon AG (LTS:0GCN) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Turbon AG (LTS:0GCN) » Definitions » LT-Debt-to-Total-Asset

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TUR:Germany

Address

Ruhrdeich 10, Hattingen, DEU, 45525

Website

http://www.turbon.de

Turbon AG manufactures and distributes imaging supplies worldwide. It offers laser toner cartridges and remanufactured toner cartridges.

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