Titon Holdings (LSE:TON) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Titon 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. Titon Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Titon Holdings's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.02). It may suggest that Titon Holdings is progressively becoming less dependent on debt to grow their business.

Titon Holdings LT-Debt-to-Total-Asset Historical Data

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

Titon Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.02

Titon Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.02

Titon Holdings LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	0.426	/	19.364
	=	0.02

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0.333	/	18.249
	=	0.02

Titon Holdings (LSE:TON) 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.

Titon Holdings LT-Debt-to-Total-Asset Related Terms

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Titon Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Titon Holdings PLC (LSE:TON) » Definitions » LT-Debt-to-Total-Asset

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Address

894 The Crescent, Colchester Business Park, Colchester, Essex, GBR, CO4 9YQ

Website

https://www.titon.com

Titon Holdings PLC is a UK-based company. Its core business is to design, manufacture, and market ventilation products and door and window fittings. It is engaged in the manufacturing and sale of passive and powered ventilation products to house builders, distributors, construction companies, electrical contractors, and window, and door manufacturers. In addition, it acts as a supplier of window handles, hinges, and locking mechanisms to door and window manufacturing customers. The company has four geographic segments namely the United Kingdom, South Korea, North America, and all other countries. The majority of the company's revenue comes from the United Kingdom.

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