The Toro Co (FRA:TO2) LT-Debt-to-Total-Asset : 0.34 (As of Jan. 2024)

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What is The Toro Co 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. The Toro Co's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.34.

The Toro Co's long-term debt to total assets ratio increased from Jan. 2023 (0.32) to Jan. 2024 (0.34). It may suggest that The Toro Co is progressively becoming more dependent on debt to grow their business.

The Toro Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Toro Co'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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The Toro Co LT-Debt-to-Total-Asset Chart

The Toro Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

LT-Debt-to-Total-Asset

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0.27

0.25

0.30

0.31

The Toro Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.29	0.32	0.31	0.34

The Toro Co LT-Debt-to-Total-Asset Calculation

The Toro Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (A: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2023 )	/	Total Assets (A: Oct. 2023 )
	=	1082.989	/	3451.152
	=	0.31

The Toro Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	1182.568	/	3489.41
	=	0.34

The Toro Co (FRA:TO2) 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.

The Toro Co LT-Debt-to-Total-Asset Related Terms

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The Toro Co (FRA:TO2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Toro Co (FRA:TO2) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

TTC:USA

Address

8111 Lyndale Avenue South, Bloomington, MN, USA, 55420-1196

Website

https://www.thetorocompany.com

The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.

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