Teqnion AB (FRA:M45) Debt-to-Asset : 0.27 (As of Sep. 2024)

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What is Teqnion AB Debt-to-Asset?

Teqnion AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €5.7 Mil. Teqnion AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €34.3 Mil. Teqnion AB's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was €147.7 Mil. Teqnion AB's debt to asset for the quarter that ended in Sep. 2024 was 0.27.

Teqnion AB Debt-to-Asset Historical Data

The historical data trend for Teqnion AB'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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Teqnion AB Debt-to-Asset Chart

Teqnion AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.24

0.22

0.24

Teqnion AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.21	0.24	0.25	0.24	0.27

Competitive Comparison of Teqnion AB's Debt-to-Asset

For the Industrial Distribution subindustry, Teqnion AB'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.

Teqnion AB's Debt-to-Asset Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Teqnion AB's Debt-to-Asset distribution charts can be found below:

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

Teqnion AB Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Teqnion AB'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
	=	(5.668	+	26.587)	/	133.041
	=	0.24

Teqnion AB's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(5.664	+	34.299)	/	147.706
	=	0.27

Teqnion AB (FRA:M45) 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.

Teqnion AB Debt-to-Asset Related Terms

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Teqnion AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Teqnion AB (FRA:M45) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

TEQ:Sweden

Address

Evenemangsgatan 31A, Solna, SWE, 169 79

Website

http://teqnion.se

Teqnion AB is an industrial group active in three business areas namely Industry, Growth and Niche. Through these, Teqnion offers leading products and specialist expertise in selected market niches. This includes components, machines, systems and services with high technology content. The company's business model is to grow both through organic growth in the subsidiaries and company acquisitions. Most of the group's sales are in the Nordic region with Sweden as the primary main market.

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