CIA Tecidosntanense (BSP:CTSA3) LT-Debt-to-Total-Asset : 0.25 (As of Sep. 2023)

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What is CIA Tecidosntanense 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. CIA Tecidosntanense's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.25.

CIA Tecidosntanense's long-term debt to total assets ratio increased from Jun. 2022 (0.10) to Sep. 2023 (0.25). It may suggest that CIA Tecidosntanense is progressively becoming more dependent on debt to grow their business.

CIA Tecidosntanense LT-Debt-to-Total-Asset Historical Data

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

CIA Tecidosntanense Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.18

0.15

0.11

0.09

0.06

CIA Tecidosntanense Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.08	0.06	0.13	0.25

CIA Tecidosntanense LT-Debt-to-Total-Asset Calculation

CIA Tecidosntanense's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	37.074	/	625.465
	=	0.06

CIA Tecidosntanense's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	159.939	/	632.088
	=	0.25

CIA Tecidosntanense (BSP:CTSA3) 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.

CIA Tecidosntanense LT-Debt-to-Total-Asset Related Terms

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CIA Tecidosntanense (BSP:CTSA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » CIA Tecidos Santanense (BSP:CTSA3) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

CTSA4:Brazil

Address

Avenida Osmane Barbosa 1235, Montes Claros, MG, BRA, 39404006

Website

http://www.santanense.com.br

CIA Tecidos Santanense operates in the Broadwoven fabric mills, cotton sector. It is involved in the spinning, weaving, & finishing of woven fabrics used in apparel articles. It offers sportswear apparel products and workwear professional uniforms and personal protective equipment.

CIA Tecidosntanense (BSP:CTSA3) Headlines

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