Tasmea (ASX:TEA) LT-Debt-to-Total-Asset : 0.24 (As of Dec. 2024)

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What is Tasmea 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. Tasmea's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.24.

Tasmea's long-term debt to total assets ratio increased from Dec. 2023 (0.20) to Dec. 2024 (0.24). It may suggest that Tasmea is progressively becoming more dependent on debt to grow their business.

Tasmea LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tasmea'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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Tasmea LT-Debt-to-Total-Asset Chart

Tasmea Annual Data

Trend

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.23

0.20

0.14

Tasmea Semi-Annual Data
	Jun22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	0.23	0.20	0.20	0.14	0.24

Tasmea LT-Debt-to-Total-Asset Calculation

Tasmea'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 )
	=	40.869	/	290.39
	=	0.14

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

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	92.249	/	389.109
	=	0.24

Tasmea (ASX:TEA) 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.

Tasmea LT-Debt-to-Total-Asset Related Terms

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Tasmea Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tasmea Ltd (ASX:TEA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

75 Verde Drive, Jandakot, WA, AUS, 6164

Website

https://www.tasmea.com.au

Tasmea Ltd is a skilled services group consisting of seventeen wholly integrated subsidiaries. The company provides essential maintenance, engineering, specialized project services and solutions across the following four service streams to the mining & resources, oil & gas, waste & water, power & renewable energy, and defense & infrastructure industries. Its segment includes Electrical services, Mechanical services, Civil services and Water & fluid services. The company derives maximum revenue from Mechanical services.

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