TMRAY (Tomra Systems ASA) Debt-to-Asset : 0.32 (As of Sep. 2024)

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What is Tomra Systems ASA Debt-to-Asset?

Tomra Systems ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $94 Mil. Tomra Systems ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $435 Mil. Tomra Systems ASA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $1,653 Mil. Tomra Systems ASA's debt to asset for the quarter that ended in Sep. 2024 was 0.32.

Tomra Systems ASA Debt-to-Asset Historical Data

The historical data trend for Tomra Systems ASA'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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Tomra Systems ASA Debt-to-Asset Chart

Tomra Systems ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.32

0.24

0.18

0.26

0.31

Tomra Systems ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.30	0.31	0.31	0.34	0.32

Competitive Comparison of Tomra Systems ASA's Debt-to-Asset

For the Waste Management subindustry, Tomra Systems ASA'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.

Tomra Systems ASA's Debt-to-Asset Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Tomra Systems ASA's Debt-to-Asset distribution charts can be found below:

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

Tomra Systems ASA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tomra Systems ASA'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
	=	(138.933	+	364.634)	/	1601.767
	=	0.31

Tomra Systems ASA's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(94.34	+	435.072)	/	1652.608
	=	0.32

Tomra Systems ASA (OTCPK:TMRAY) 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.

Tomra Systems ASA Debt-to-Asset Related Terms

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Tomra Systems ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Tomra Systems ASA (OTCPK:TMRAY) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

TMRAF:USA TOMo:Sweden TOM:Norway TOMo:UK 0KV7:UK TMRA:Germany

Address

Drengsrudhagen 2, Asker, NOR, 1385

Website

https://www.tomra.com

Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in the business areas of packaging, collection, compaction, recycling, ore sorting and food production. It provides reverse vending machines, sensor-based sorting machines and integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, and TOMRA Food. Geographically, the company generates revenue from Northern Europe, America, Asia, Oceania, and the rest of Europe.