Tetra Tech (FRA:TT6) LT-Debt-to-Total-Asset : 0.25 (As of Dec. 2024)

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What is Tetra Tech 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. Tetra Tech's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.25.

Tetra Tech's long-term debt to total assets ratio declined from Dec. 2023 (0.28) to Dec. 2024 (0.25). It may suggest that Tetra Tech is progressively becoming less dependent on debt to grow their business.

Tetra Tech LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tetra Tech'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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Tetra Tech LT-Debt-to-Total-Asset Chart

Tetra Tech Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.18

0.15

0.27

0.23

Tetra Tech 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															0.28	0.27	0.24	0.23	0.25

Tetra Tech LT-Debt-to-Total-Asset Calculation

Tetra Tech's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	858.409	/	3777.601
	=	0.23

Tetra Tech'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 )
	=	977.165	/	3991.121
	=	0.24

Tetra Tech (FRA:TT6) 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.

Tetra Tech LT-Debt-to-Total-Asset Related Terms

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Tetra Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tetra Tech Inc (FRA:TT6) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TTEK:USA TT6:Germany

Address

3475 East Foothill Boulevard, Pasadena, CA, USA, 91107

Website

https://www.tetratech.com

Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) segment includes activities with U.S. government clients (federal, state and local) and activities with development agencies world-wide. Commercial/International Services Group (CIG) segment, which derives maximum revenue, includes activities with U.S. commercial clients and international clients other than development agencies.

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