Strip Tinning Holdings (LSE:STG) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2023)

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What is Strip Tinning 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. Strip Tinning Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.15.

Strip Tinning Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.16) to Dec. 2023 (0.15). It may suggest that Strip Tinning Holdings is progressively becoming less dependent on debt to grow their business.

Strip Tinning Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Strip Tinning 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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Strip Tinning Holdings LT-Debt-to-Total-Asset Chart

Strip Tinning Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.22

0.19

0.16

0.15

Strip Tinning Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.19	0.15	0.16	0.18	0.15

Strip Tinning Holdings LT-Debt-to-Total-Asset Calculation

Strip Tinning Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1.734	/	11.272
	=	0.15

Strip Tinning Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1.734	/	11.272
	=	0.15

Strip Tinning Holdings (LSE:STG) 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.

Strip Tinning Holdings LT-Debt-to-Total-Asset Related Terms

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Strip Tinning Holdings (LSE:STG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Strip Tinning Holdings PLC (LSE:STG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Arden Road, Arden Business Park, Frankley, Birmingham, West Midlands, GBR, B45 0JA

Website

https://www.striptinning.com

Strip Tinning Holdings PLC manufactures specialist flexible electrical connectors related primarily to heating and antennae systems embedded within automotive glazing and to the connection of the cells within electric vehicle battery packs, increasingly using flexible and lightweight printed circuit technology that also has growing applications elsewhere within vehicles. The group consists of two business lines: Glazing and EV.