Trufin (LSE:TRU) Debt-to-Asset : 0.08 (As of Jun. 2024)

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What is Trufin Debt-to-Asset?

Trufin's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £2.96 Mil. Trufin's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £1.14 Mil. Trufin's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was £54.41 Mil. Trufin's debt to asset for the quarter that ended in Jun. 2024 was 0.08.

Trufin Debt-to-Asset Historical Data

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

Trufin Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.10

0.19

0.26

0.28

0.14

Trufin Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial										0.26	0.28	0.34	0.14	0.08

Competitive Comparison of Trufin's Debt-to-Asset

For the Credit Services subindustry, Trufin'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.

Trufin's Debt-to-Asset Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Trufin's Debt-to-Asset distribution charts can be found below:

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

Trufin Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Trufin'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
	=	(6.157	+	1.047)	/	50.676
	=	0.14

Trufin's Debt-to-Asset for the quarter that ended in Jun. 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
	=	(2.959	+	1.14)	/	54.407
	=	0.08

Trufin (LSE:TRU) 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.

Trufin Debt-to-Asset Related Terms

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Trufin Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Trufin PLC (LSE:TRU) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

29U:Germany

Address

120 Regent Street, London, GBR, W1B 5FE

Website

https://www.trufin.com

Trufin PLC is a United Kingdom-based operating company that focuses on growing Fintech and banking businesses to provide niche lending, technological, and service solutions to the working capital, early payment services, and mobile game publishing. The company has four reportable segments namely the provision of short-term finance, payment services, publishing, and other operations. Short-term finance includes the provision of distribution finance products and invoice discounting. Payment services include the provision of early payment Programme services. Publishing includes the Publishing of video games. The company's majority revenue comes from payment services segment.