Turbomecanica (BSE:TBM) Debt-to-Asset : 0.11 (As of Mar. 2024)

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What is Turbomecanica Debt-to-Asset?

Turbomecanica's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was lei17.6 Mil. Turbomecanica's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was lei9.4 Mil. Turbomecanica's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was lei249.5 Mil. Turbomecanica's debt to asset for the quarter that ended in Mar. 2024 was 0.11.

Turbomecanica Debt-to-Asset Historical Data

The historical data trend for Turbomecanica'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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Turbomecanica Debt-to-Asset Chart

Turbomecanica Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.14

0.16

0.17

0.16

0.13

Turbomecanica Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.16	0.11	0.15	0.13	0.11

Competitive Comparison of Turbomecanica's Debt-to-Asset

For the Aerospace & Defense subindustry, Turbomecanica'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.

Turbomecanica's Debt-to-Asset Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Turbomecanica's Debt-to-Asset distribution charts can be found below:

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

Turbomecanica Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Turbomecanica'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
	=	(20.767	+	10.141)	/	245.946
	=	0.13

Turbomecanica's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(17.595	+	9.426)	/	249.451
	=	0.11

Turbomecanica (BSE:TBM) 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.

Turbomecanica Debt-to-Asset Related Terms

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Turbomecanica (BSE:TBM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Turbomecanica SA (BSE:TBM) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Boulevard Iuliu Maniu Nr. 244, Sector 6, Bucharest, ROU, 061126

Website

http://www.turbomecanica.ro

Turbomecanica SA is engaged in manufacturing aeronautical components and provides repair services for aircraft. It serves civil aerospace, defense aerospace and energy, and others sectors.

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