Tubacex (FRA:TCX) Debt-to-Asset : 0.40 (As of Mar. 2024)

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What is Tubacex Debt-to-Asset?

Tubacex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €374.1 Mil. Tubacex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €107.8 Mil. Tubacex's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €1,202.9 Mil. Tubacex's debt to asset for the quarter that ended in Mar. 2024 was 0.40.

Tubacex Debt-to-Asset Historical Data

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

Tubacex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.40

0.49

0.51

0.43

0.42

Tubacex 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															0.39	0.39	0.37	0.42	0.40

Competitive Comparison of Tubacex's Debt-to-Asset

For the Steel subindustry, Tubacex'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.

Tubacex's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tubacex's Debt-to-Asset distribution charts can be found below:

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

Tubacex Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tubacex'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
	=	(353.325	+	153.801)	/	1211.456
	=	0.42

Tubacex'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
	=	(374.1	+	107.8)	/	1202.9
	=	0.40

Tubacex (FRA:TCX) 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.

Tubacex Debt-to-Asset Related Terms

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Tubacex (FRA:TCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tubacex SA (FRA:TCX) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

TUB:Mexico TUBe:UK TUB:Spain TCX:Germany

Address

Tres Cruces 8, PO Box 2201400, Llodio, ESP, 01400

Website

http://www.tubacex.com

Tubacex SA together with its subsidiaries, manufactures and markets stainless steel and high-nickel alloy tubes and pipes. The company's product portfolio includes hollow bars, steel and fittings products. It primarily serves oil and gas, petrochemical, chemical and power generation industries. It also devotes part of its production to the mechanical industry, aerospace, food, water desalination, electronics, capital goods and new technologies among other industries. Group has its industrial facilities in the Spain, Austria, the United States, Italy, India, and Thailand. Most of the revenue is generated through the sale of goods and rest from the rendering of services.