Trinidad Cement (TRN:TCL) Debt-to-Asset : 0.16 (As of Mar. 2024)

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What is Trinidad Cement Debt-to-Asset?

Trinidad Cement's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was TTD180 Mil. Trinidad Cement's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was TTD235 Mil. Trinidad Cement's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was TTD2,548 Mil. Trinidad Cement's debt to asset for the quarter that ended in Mar. 2024 was 0.16.

Trinidad Cement Debt-to-Asset Historical Data

The historical data trend for Trinidad Cement'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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Trinidad Cement Debt-to-Asset Chart

Trinidad Cement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.35

0.28

0.19

0.20

0.18

Trinidad Cement Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.19	0.20	0.19	0.18	0.16

Competitive Comparison of Trinidad Cement's Debt-to-Asset

For the Building Materials subindustry, Trinidad Cement'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.

Trinidad Cement's Debt-to-Asset Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Trinidad Cement's Debt-to-Asset distribution charts can be found below:

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

Trinidad Cement Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Trinidad Cement'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
	=	(153.784	+	288.224)	/	2424.706
	=	0.18

Trinidad Cement's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(180.127	+	235.246)	/	2547.641
	=	0.16

Trinidad Cement (TRN:TCL) 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.

Trinidad Cement Debt-to-Asset Related Terms

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Trinidad Cement (TRN:TCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Trinidad Cement Ltd (TRN:TCL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Southern Main Road, Claxton Bay, Trinidad, TTO

Website

https://www.tclgroup.com

Trinidad Cement Ltd is engaged in the manufacture and sale of cement, concrete, and aggregates. The company's operations are organized into three operating segments, Cement, Concrete, and Packaging. The firm offers Portland-pozzolan cement, ordinary Portland cement, and Class G high sulfate-resistant oilwell cement. The company has operations in Trinidad and Tobago, Jamaica, Barbados, and other countries. Geographically the company receives maximum revenue from Jamaica.

Trinidad Cement (TRN:TCL) Headlines

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