Tower (XPTY:TOWC) Debt-to-Asset : 0.06 (As of Dec. 2023)

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What is Tower Debt-to-Asset?

Tower's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Tower's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $56.53 Mil. Tower's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $983.42 Mil. Tower's debt to asset for the quarter that ended in Dec. 2023 was 0.06.

Tower Debt-to-Asset Historical Data

The historical data trend for Tower'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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Tower Debt-to-Asset Chart

Tower Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.09

0.05

0.03

0.04

0.06

Tower Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.04	0.03	0.02	0.01	0.06

Competitive Comparison of Tower's Debt-to-Asset

For the Banks - Regional subindustry, Tower'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.

Tower's Debt-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Tower's Debt-to-Asset distribution charts can be found below:

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

Tower Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tower'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	+	56.529)	/	983.422
	=	0.06

Tower's Debt-to-Asset for the quarter 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	+	56.529)	/	983.422
	=	0.06

Tower (XPTY:TOWC) 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.

Tower Debt-to-Asset Related Terms

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Tower (XPTY:TOWC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tower Corp (XPTY:TOWC) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Calle 50 and Elvira Mendez, Tower Building Financial Center, Panama, PAN

Website

https://www.towerbank.com

Tower Corp together with its subsidiaries is involved in providing personal, corporate, and investment banking services. The company offers checking, savings, and investment accounts; certificates of deposit; commercial and residential mortgage loans; lines of credit for small and medium businesses; and safe deposit boxes among other services.

Tower (XPTY:TOWC) Headlines

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