TPI Composites (FRA:GX6) Debt-to-Asset : 0.87 (As of Mar. 2024)

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What is TPI Composites Debt-to-Asset?

TPI Composites's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €93 Mil. TPI Composites's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €504 Mil. TPI Composites's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €686 Mil. TPI Composites's debt to asset for the quarter that ended in Mar. 2024 was 0.87.

TPI Composites Debt-to-Asset Historical Data

The historical data trend for TPI Composites'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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TPI Composites Debt-to-Asset Chart

TPI Composites Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.33

0.42

0.23

0.78

TPI Composites 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															0.35	0.36	0.39	0.78	0.87

Competitive Comparison of TPI Composites's Debt-to-Asset

For the Specialty Industrial Machinery subindustry, TPI Composites'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.

TPI Composites's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, TPI Composites's Debt-to-Asset distribution charts can be found below:

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

TPI Composites Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

TPI Composites'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
	=	(84.806	+	487.717)	/	737.341
	=	0.78

TPI Composites'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
	=	(92.873	+	503.97)	/	686.185
	=	0.87

TPI Composites (FRA:GX6) 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.

TPI Composites Debt-to-Asset Related Terms

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TPI Composites (FRA:GX6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TPI Composites Inc (FRA:GX6) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

TPIC:USA

Address

8501 North Scottsdale Road, Gainey Center II, Suite 100, Scottsdale, AZ, USA, 85253

Website

https://www.tpicomposites.com

TPI Composites Inc is engaged in manufacturing composite wind blades. The company operates in wind energy and transportation industries where it manufactures structures for a bus, rail, theme parks, and trucks. Geographically the segments are divided into the U.S, Asia, Mexico, EMEA and India where the Mexico segment derives a majority of revenue.

TPI Composites (FRA:GX6) Headlines

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