Titan Petrochemicals Group (FRA:TIP1) LT-Debt-to-Total-Asset : 0.13 (As of Jun. 2020)

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What is Titan Petrochemicals Group 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. Titan Petrochemicals Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2020 was 0.13.

Titan Petrochemicals Group's long-term debt to total assets ratio declined from Jun. 2019 (1.06) to Jun. 2020 (0.13). It may suggest that Titan Petrochemicals Group is progressively becoming less dependent on debt to grow their business.

Titan Petrochemicals Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Titan Petrochemicals Group'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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Titan Petrochemicals Group LT-Debt-to-Total-Asset Chart

Titan Petrochemicals Group Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

LT-Debt-to-Total-Asset

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0.78

0.64

0.46

1.10

Titan Petrochemicals Group Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.52	1.10	1.06	-	0.13

Titan Petrochemicals Group LT-Debt-to-Total-Asset Calculation

Titan Petrochemicals Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (A: Dec. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2019 )	/	Total Assets (A: Dec. 2019 )
	=	0.038	/	38.247
	=	0.00

Titan Petrochemicals Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2020 is calculated as

LT Debt to Total Assets (Q: Jun. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2020 )	/	Total Assets (Q: Jun. 2020 )
	=	6.285	/	49.916
	=	0.13

Titan Petrochemicals Group (FRA:TIP1) 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.

Titan Petrochemicals Group LT-Debt-to-Total-Asset Related Terms

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Titan Petrochemicals Group (FRA:TIP1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Titan Petrochemicals Group Ltd (FRA:TIP1) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 Hennessy Road, Room 802, 8th Floor, OfficePlus@Wan Chai, Wanchai, Hong Kong, HKG

Website

http://www.petrotitan.com

Titan Petrochemicals Group Ltd is principally engaged in the business of construction and repair of the ship, and upstream and downstream oil and gas business. It is also engaged in providing logistics, transportation, distribution, and marine services for petrochemical products in the Asia Pacific region. It operates through two business units: Trading of commodities; and Shipbuilding, ship repairing and manufacturing of steel structure. It earns all its revenues from China.

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