TasFoods (ASX:TFL) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2024)

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What is TasFoods 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. TasFoods's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.29.

TasFoods's long-term debt to total assets ratio increased from Dec. 2023 (0.12) to Dec. 2024 (0.29). It may suggest that TasFoods is progressively becoming more dependent on debt to grow their business.

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

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

TasFoods Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.11

0.16

0.12

0.29

TasFoods Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.14	0.12	0.15	0.29

TasFoods LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	6.961	/	23.834
	=	0.29

TasFoods'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 )
	=	6.961	/	23.834
	=	0.29

TasFoods (ASX:TFL) 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.

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

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TasFoods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » TasFoods Ltd (ASX:TFL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

89-93 Cimitiere Street, Level 2, Launceston, TAS, AUS, 7250

Website

https://www.tasfoods.com.au

TasFoods Ltd is an Australian company that engages in the processing, manufacture, and sale of Tasmanian-made products. It operates through the following segments - The Dairy segment primarily derives revenue from dairy processing and manufacturing activity of premium cheese, products. These products are sold under the Pyengana Dairy brand; The Poultry segment derives revenue from the sale of poultry meat products sold under the Nichols Poultry and Nichols Kitchen brands.; and the Shared Services segment The firm generates maximum revenue from the Poultry segment.

TasFoods Headlines

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