Transurban Group (ASX:TCL) LT-Debt-to-Total-Asset : 0.50 (As of Jun. 2024)

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What is Transurban Group LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Transurban Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.50.

Transurban Group's long-term debt to total assets ratio increased from Jun. 2023 (0.48) to Jun. 2024 (0.50). It may suggest that Transurban Group is progressively becoming more dependent on debt to grow their business.

Transurban Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Transurban Group's LT-Debt-to-Total-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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Transurban Group LT-Debt-to-Total-Asset Chart

Transurban Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.53

0.48

0.43

0.48

0.50

Transurban Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.43	0.43	0.48	0.46	0.50

Transurban Group LT-Debt-to-Total-Asset Calculation

Transurban Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	18332	/	36694
	=	0.50

Transurban Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	18332	/	36694
	=	0.50

Transurban Group (ASX:TCL) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Transurban Group LT-Debt-to-Total-Asset Related Terms

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Transurban Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Transurban Group (ASX:TCL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TRAUF:USA TU9:Germany TU9:Germany

Address

727 Collins Street, Level 31, Tower 5, Collins Square, Docklands, VIC, AUS, 3008

Website

https://www.transurban.com

Transurban Group is an owner/operator of toll roads in Melbourne, Sydney, and Brisbane. It also owns toll roads in Virginia, USA and Montreal, Canada. The weighted average concession life across the portfolio is about 28 years. Australian assets contribute around 90% of proportional revenue.

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