Tennant Co (STU:TN1) Debt-to-Asset : 0.21 (As of Dec. 2024)

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What is Tennant Co Debt-to-Asset?

Tennant Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was €19 Mil. Tennant Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was €224 Mil. Tennant Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was €1,137 Mil. Tennant Co's debt to asset for the quarter that ended in Dec. 2024 was 0.21.

Tennant Co Debt-to-Asset Historical Data

The historical data trend for Tennant Co'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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Tennant Co Debt-to-Asset Chart

Tennant Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

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0.33

0.29

0.31

0.22

0.21

Tennant Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial															0.22	0.21	0.21	0.20	0.21

Competitive Comparison of Tennant Co's Debt-to-Asset

For the Specialty Industrial Machinery subindustry, Tennant Co'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.

Tennant Co's Debt-to-Asset Distribution in the Industrial Products Industry

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

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

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Tennant Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tennant Co's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(18.909	+	223.948)	/	1136.546
	=	0.21

Tennant Co's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(18.909	+	223.948)	/	1136.546
	=	0.21

Tennant Co (STU:TN1) 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.

Tennant Co Debt-to-Asset Related Terms

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Tennant Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tennant Co (STU:TN1) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

TNC:USA TN1:Germany

Address

10400 Clean Street, Eden Prairie, MN, USA, 55344

Website

https://www.tennantco.com

Tennant Co is a manufacturer of floor cleaning equipment, wood flooring, and wood products. It operates in four geographic business units including North America; Latin America; Europe, Middle East, Africa; and Asia Pacific. The company offers products and solutions consisting of mechanized cleaning equipment, detergent-free, and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings, and business solutions such as financing, rental and leasing programs, and machine-to-machine asset management solutions.

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