Thunderbird Resorts (FRA:4TR) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2023)

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What is Thunderbird Resorts 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. Thunderbird Resorts's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

Thunderbird Resorts's long-term debt to total assets ratio declined from Dec. 2022 (0.14) to Dec. 2023 (0.11). It may suggest that Thunderbird Resorts is progressively becoming less dependent on debt to grow their business.

Thunderbird Resorts LT-Debt-to-Total-Asset Historical Data

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

Thunderbird Resorts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.33

0.37

0.38

0.14

0.11

Thunderbird Resorts Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.38	0.17	0.14	0.14	0.11

Thunderbird Resorts LT-Debt-to-Total-Asset Calculation

Thunderbird Resorts'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 )
	=	2.223	/	20.413
	=	0.11

Thunderbird Resorts's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	2.223	/	20.413
	=	0.11

Thunderbird Resorts (FRA:4TR) 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.

Thunderbird Resorts LT-Debt-to-Total-Asset Related Terms

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Thunderbird Resorts (FRA:4TR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Thunderbird Resorts Inc (FRA:4TR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

THRSF:USA TBIRD:Netherlands

Address

Apartado, Zona 7, Panama, PAN, 0823-00514

Website

https://www.thunderbirdresorts.com

Thunderbird Resorts Inc is engaged in the business of real estate, hospitality and gaming. The Group operates in Peru and Nicaragua. The majority of the company's revenue is earned in Nicaragua.

Thunderbird Resorts (FRA:4TR) Headlines

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