Turbo Energy (STU:X8WA) Debt-to-Asset : 0.29 (As of Jun. 2024)

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What is Turbo Energy Debt-to-Asset?

Turbo Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €2.86 Mil. Turbo Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €0.01 Mil. Turbo Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was €9.93 Mil. Turbo Energy's debt to asset for the quarter that ended in Jun. 2024 was 0.29.

Turbo Energy Debt-to-Asset Historical Data

The historical data trend for Turbo Energy'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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Turbo Energy Debt-to-Asset Chart

Turbo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Asset

0.53

0.55

0.27

Turbo Energy Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial			-	0.55	0.30	0.27	0.29

Competitive Comparison of Turbo Energy's Debt-to-Asset

For the Solar subindustry, Turbo Energy'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.

Turbo Energy's Debt-to-Asset Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Turbo Energy's Debt-to-Asset distribution charts can be found below:

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

Turbo Energy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Turbo Energy'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
	=	(3.933	+	0.113)	/	15.227
	=	0.27

Turbo Energy'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
	=	(2.863	+	0.01)	/	9.929
	=	0.29

Turbo Energy (STU:X8WA) 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.

Turbo Energy Debt-to-Asset Related Terms

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Turbo Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Turbo Energy SA (STU:X8WA) » Definitions » Debt-to-Asset

Traded in Other Exchanges

TURB:USA X8WA:Germany

Address

Isabel la Catolica Street, 8, Offices 50-51, Valencia, ESP, 46004

Website

https://www.turbo-e.com

Turbo Energy SA is a company that specializes in designing, developing, and distributing equipment for the generation, management, and storage of photovoltaic energy. The company's primary activities include acquiring, distributing, and selling electrical and electronic materials for renewable energy projects, such as solar panels, inverters, chargers, regulators, batteries, and structures. The storage products are managed through a software system optimized by artificial intelligence, which is controlled from the cloud and through the installation inverter. Turbo Energy sells inverters, batteries, and photovoltaic modules to installers and other distributors for residential consumers in Spain.

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