Tribe Technology (LSE:TRYB) Debt-to-Asset : 0.41 (As of Dec. 2023)

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What is Tribe Technology Debt-to-Asset?

Tribe Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.29 Mil. Tribe Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £2.99 Mil. Tribe Technology's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was £7.98 Mil. Tribe Technology's debt to asset for the quarter that ended in Dec. 2023 was 0.41.

Tribe Technology Debt-to-Asset Historical Data

The historical data trend for Tribe Technology'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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Tribe Technology Debt-to-Asset Chart

Tribe Technology Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Asset

0.59

0.44

0.31

Tribe Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial			-	0.44	0.47	0.31	0.41

Competitive Comparison of Tribe Technology's Debt-to-Asset

For the Farm & Heavy Construction Machinery subindustry, Tribe Technology'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.

Tribe Technology's Debt-to-Asset Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tribe Technology's Debt-to-Asset distribution charts can be found below:

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

Tribe Technology Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tribe Technology's Debt-to-Asset for the fiscal year that ended in Jun. 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
	=	(0.429	+	0.623)	/	3.445
	=	0.31

Tribe Technology's Debt-to-Asset for the quarter 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
	=	(0.289	+	2.986)	/	7.975
	=	0.41

Tribe Technology (LSE:TRYB) 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.

Tribe Technology Debt-to-Asset Related Terms

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Tribe Technology (LSE:TRYB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tribe Technology PLC (LSE:TRYB) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

7B Enterprise Way, Mallusk, Belfast, GBR, BT36 4EW

Website

https://www.tribetechgroup.com

Tribe Technology PLC is a company involved in developing and manufacturing of autonomous mining equipment. The Company's core activities are the development, in-house manufacturing, and sale of its autonomous reverse circulation (RC) drill rigs incorporating its core proprietary intellectual property, Tribe Technology Drilling System (TTDS).

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