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Technip Energies NV (CHIX:TEP) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2024)


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What is Technip Energies NV 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. Technip Energies NV's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.09.

Technip Energies NV's long-term debt to total assets ratio increased from Jun. 2023 (0.09) to Jun. 2024 (0.09). It may suggest that Technip Energies NV is progressively becoming more dependent on debt to grow their business.

Technip Energies NV LT-Debt-to-Total-Asset Historical Data

The historical data trend for Technip Energies NV'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.

* Premium members only.

Technip Energies NV LT-Debt-to-Total-Asset Chart

Technip Energies NV Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.03 0.03 0.10 0.09 0.09

Technip Energies NV Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.10 0.09 0.09 0.09 0.09

Technip Energies NV LT-Debt-to-Total-Asset Calculation

Technip Energies NV'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 )
=797.7/8669.5
=0.09

Technip Energies NV'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 )
=799.5/8671.3
=0.09

* 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.

Technip Energies NV  (CHIX:TEp) 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.

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Technip Energies NV Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Technip Energies NV (CHIX:TEp) » Definitions » LT-Debt-to-Total-Asset
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Address
2126 boulevard de la Defense, CS 10266, Nanterre, Cedex, FRA, 92741
Website
https://www.technipenergies.com
Technip Energies NV is an engineering and technology company specialized in providing projects, technologies, products and services on energy infrastructure both onshore and offshore. Technip Energies is positioned on two business segments addressing its key markets: Technology Products & Services (TPS) and Project Delivery. Substantial revenue is derived from the Project Delivery segment.