Somnigroup International (FRA:TPD) LT-Debt-to-Total-Asset : 0.71 (As of Dec. 2024)

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What is Somnigroup International 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. Somnigroup International's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.71.

Somnigroup International's long-term debt to total assets ratio increased from Dec. 2023 (0.68) to Dec. 2024 (0.71). It may suggest that Somnigroup International is progressively becoming more dependent on debt to grow their business.

Somnigroup International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Somnigroup International'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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Somnigroup International LT-Debt-to-Total-Asset Chart

Somnigroup International Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.48

0.63

0.73

0.68

0.71

Somnigroup International Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.68	0.67	0.65	0.61	0.71

Somnigroup International LT-Debt-to-Total-Asset Calculation

Somnigroup International's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	4080.238	/	5711.282
	=	0.71

Somnigroup International's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	4080.238	/	5711.282
	=	0.71

Somnigroup International (FRA:TPD) 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.

Somnigroup International LT-Debt-to-Total-Asset Related Terms

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Somnigroup International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Somnigroup International Inc (FRA:TPD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SGI:USA S2GI34:Brazil

Address

1000 Tempur Way, Lexington, KY, USA, 40511

Website

https://www.somnigroup.com

Somnigroup International Inc is a bedding company, dedicated to improving people's lives through better sleep. With superior capabilities in design, manufacturing, distribution and retail, It delivers breakthrough sleep solutions and serves the evolving needs of consumers in more than 100 countries worldwide through its fully-owned businesses, Tempur Sealy, Mattress Firm and Dreams. The company's portfolio includes the brand such as Tempur-Pedic, Sealy and Stearns & Foster, and its Multinational omnichannel platform enables the company to meet consumers wherever shop, offering a personal connection and innovation to provide a retail experience and tailored solutions.

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