TPI Composites (FRA:GX6) LT-Debt-to-Total-Asset : 0.73 (As of Mar. 2024)

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What is TPI Composites 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. TPI Composites's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.73.

TPI Composites's long-term debt to total assets ratio increased from Mar. 2023 (0.26) to Mar. 2024 (0.73). It may suggest that TPI Composites is progressively becoming more dependent on debt to grow their business.

TPI Composites LT-Debt-to-Total-Asset Historical Data

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

TPI Composites Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.29

0.36

0.14

0.66

TPI Composites 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															0.26	0.27	0.29	0.66	0.73

TPI Composites LT-Debt-to-Total-Asset Calculation

TPI Composites'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 )
	=	487.717	/	737.341
	=	0.66

TPI Composites'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 )
	=	503.97	/	686.185
	=	0.73

TPI Composites (FRA:GX6) 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.

TPI Composites LT-Debt-to-Total-Asset Related Terms

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TPI Composites (FRA:GX6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TPI Composites Inc (FRA:GX6) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TPIC:USA

Address

8501 North Scottsdale Road, Gainey Center II, Suite 100, Scottsdale, AZ, USA, 85253

Website

https://www.tpicomposites.com

TPI Composites Inc is engaged in manufacturing composite wind blades. The company operates in wind energy and transportation industries where it manufactures structures for a bus, rail, theme parks, and trucks. Geographically the segments are divided into the U.S, Asia, Mexico, EMEA and India where the Mexico segment derives a majority of revenue.

TPI Composites (FRA:GX6) Headlines

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