TWIRF (Tree Island Steel) Debt-to-Asset : 0.15 (As of Jun. 2024)

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What is Tree Island Steel Debt-to-Asset?

Tree Island Steel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.9 Mil. Tree Island Steel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $18.2 Mil. Tree Island Steel's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was $126.7 Mil. Tree Island Steel's debt to asset for the quarter that ended in Jun. 2024 was 0.15.

Tree Island Steel Debt-to-Asset Historical Data

The historical data trend for Tree Island Steel'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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Tree Island Steel Debt-to-Asset Chart

Tree Island Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.55

0.49

0.18

0.15

0.14

Tree Island Steel Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Asset	Get a 7-Day Free Trial															0.13	0.14	0.14	0.14	0.15

Competitive Comparison of Tree Island Steel's Debt-to-Asset

For the Steel subindustry, Tree Island Steel'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.

Tree Island Steel's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tree Island Steel's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Tree Island Steel's Debt-to-Asset falls into.

Tree Island Steel Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tree Island Steel'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
	=	(0.551	+	17.186)	/	128.189
	=	0.14

Tree Island Steel'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
	=	(0.946	+	18.185)	/	126.657
	=	0.15

Tree Island Steel (OTCPK:TWIRF) 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.

Tree Island Steel Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Tree Island Steel's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Tree Island Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tree Island Steel Ltd (OTCPK:TWIRF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

TSL:Canada

Address

3933 Boundary Road, Richmond, BC, CAN, V6V 1T8

Website

https://www.treeisland.com

Tree Island Steel Ltd operates in the steel business. It is engaged in the manufacturing and sale of steel wire and related products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The firm groups its products into the following: Industrial, Commercial, Agricultural, and Residential Construction. Key revenue is derived from the Industrial segment. The products are offered under Tree Island, Halsteel, K-Lath, True spec, Toughstrand, and Stucco-rite brands. Geographically the firm has its business presence across the region of the United States, Canada, and other regions, of which the United States region accounts for the majority share of the revenue.

Tree Island Steel Headlines

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Tree Island Announces Meeting Results for Election of Directors

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Q2 2019 Tree Island Steel Ltd Earnings Call Transcript

By GuruFocus Research • 02-15-2024

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Tree Island Steel Announces Full Year 2023 Results

By GlobeNewswire • 03-14-2024

Tree Island Steel Announces First Quarter 2024 Results

By GlobeNewswire • 05-02-2024