Trustco Group Holdings (JSE:TTO) LT-Debt-to-Total-Asset : 0.20 (As of Feb. 2024)

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What is Trustco Group Holdings 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. Trustco Group Holdings's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.20.

Trustco Group Holdings's long-term debt to total assets ratio increased from Feb. 2023 (0.19) to Feb. 2024 (0.20). It may suggest that Trustco Group Holdings is progressively becoming more dependent on debt to grow their business.

Trustco Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Trustco Group Holdings'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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Trustco Group Holdings LT-Debt-to-Total-Asset Chart

Trustco Group Holdings Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Aug22

Aug23

LT-Debt-to-Total-Asset

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0.10

0.09

0.19

0.06

Trustco Group Holdings Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Mar21	Feb22	Aug22	Feb23	Aug23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.06	0.19	0.06	0.20

Trustco Group Holdings LT-Debt-to-Total-Asset Calculation

Trustco Group Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	221.818	/	3877.257
	=	0.06

Trustco Group Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	781.934	/	3943.093
	=	0.20

Trustco Group Holdings (JSE:TTO) 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.

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Trustco Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Trustco Group Holdings Ltd (JSE:TTO) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

2 Keller Street, Eros, P.O. Box 11363, Windhoek, NAM

Website

https://www.tgh.na

Trustco Group Holdings Ltd engages in the provision of financial services. The company's operating segment includes Financial Services and Resources. The Financial Services portfolio earns income from insurance premiums, property sales, rental income, investment property activities, banking and finance activities, interest, fees, and commissions from customers, and tuition income. The Resources portfolio conducts mining operations in Namibia and Sierra Leone. The company earns maximum revenue through Micro-Finance.

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