Ternium Argentina (BUE:TXAR) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Ternium Argentina 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. Ternium Argentina's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Ternium Argentina's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Ternium Argentina is progressively becoming less dependent on debt to grow their business.

Ternium Argentina LT-Debt-to-Total-Asset Historical Data

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

Ternium Argentina Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

Ternium Argentina Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Ternium Argentina LT-Debt-to-Total-Asset Calculation

Ternium Argentina's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	43444	/	4109642
	=	0.01

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	44784	/	4773282
	=	0.01

Ternium Argentina (BUE:TXAR) 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.

Ternium Argentina LT-Debt-to-Total-Asset Related Terms

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Ternium Argentina (BUE:TXAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ternium Argentina SA (BUE:TXAR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Avenida Leandro N. Alem 1067, Building AAF, Buenos Aires, ARG, C1001

Website

http://ar.ternium.com

Ternium Argentina SA manufactures and processes a broad range of steel products. Its products include hot and cold rolled, hot-dip galvanized & electro-galvanized and pre-painted steel sheets and tinplate. Geographically the group is based in Argentina.

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