Triple Pointome VCT (LSE:TPVA) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2022)

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What is Triple Pointome VCT 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. Triple Pointome VCT's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.00.

Triple Pointome VCT's long-term debt to total assets ratio declined from Sep. 2021 (0.05) to Sep. 2022 (0.00). It may suggest that Triple Pointome VCT is progressively becoming less dependent on debt to grow their business.

Triple Pointome VCT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Triple Pointome VCT'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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Triple Pointome VCT LT-Debt-to-Total-Asset Chart

Triple Pointome VCT Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

LT-Debt-to-Total-Asset

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0.04

0.05

Triple Pointome VCT Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.05	0.05	-	-

Triple Pointome VCT LT-Debt-to-Total-Asset Calculation

Triple Pointome VCT's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2022 is calculated as

LT Debt to Total Assets (A: Mar. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2022 )	/	Total Assets (A: Mar. 2022 )
	=	0	/	24.69
	=	0.00

Triple Pointome VCT's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )	/	Total Assets (Q: Sep. 2022 )
	=	0	/	25.989
	=	0.00

Triple Pointome VCT (LSE:TPVA) 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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Triple Pointome VCT (LSE:TPVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Triple Point Income VCT PLC (LSE:TPVA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1 King William Street, London, GBR, EC4N 7AF

Website

https://www.triplepoint.co.uk

Triple Point Income VCT PLC is a part of the financial services domain in the United Kingdom. It is a venture capital trust formed with the objective of capital preservation and payment of regular tax-free dividends to investors. The company's mission comprises three priorities, which are capital security, liquidity, and predictable returns. It has chosen to focus its investing activities towards companies involved in renewable energy, energy production, innovative vertical growing, and SME funding.

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