TP ICAP GROUP (LSE:TCAP) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2023)

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What is TP ICAP GROUP 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. TP ICAP GROUP's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.16.

TP ICAP GROUP's long-term debt to total assets ratio declined from Dec. 2022 (0.18) to Dec. 2023 (0.16). It may suggest that TP ICAP GROUP is progressively becoming less dependent on debt to grow their business.

TP ICAP GROUP LT-Debt-to-Total-Asset Historical Data

The historical data trend for TP ICAP GROUP'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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TP ICAP GROUP LT-Debt-to-Total-Asset Chart

TP ICAP GROUP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.19

0.18

0.16

TP ICAP GROUP Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.16	0.18	0.17	0.16

TP ICAP GROUP LT-Debt-to-Total-Asset Calculation

TP ICAP GROUP'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 )
	=	967	/	6206
	=	0.16

TP ICAP GROUP'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 )
	=	967	/	6206
	=	0.16

TP ICAP GROUP (LSE:TCAP) 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.

TP ICAP GROUP LT-Debt-to-Total-Asset Related Terms

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TP ICAP GROUP (LSE:TCAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TP ICAP GROUP PLC (LSE:TCAP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TCAPl:UK 8D7:Germany

Address

135 Bishopsgate, London, GBR, EC2M 3TP

Website

http://www.tpicap.com

TP ICAP GROUP PLC provides broking professional intermediary services to match buyers and sellers of different financial, energy and commodities products. Its role includes to create liquidity and price discovery in markets and provide insight and context to the clients. The company provides proprietary over the counter ('OTC') pricing information in the world with the data on financial, energy and commodities products. Its clients include banks, insurance companies, pension funds, asset managers, hedge funds, central banks, energy producers and refiners, risk and compliance managers and charities.

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