Tracsis (LSE:TRCS) LT-Debt-to-Total-Asset : 0.01 (As of Jul. 2024)

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What is Tracsis 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. Tracsis's long-term debt to total assests ratio for the quarter that ended in Jul. 2024 was 0.01.

Tracsis's long-term debt to total assets ratio declined from Jul. 2023 (0.01) to Jul. 2024 (0.01). It may suggest that Tracsis is progressively becoming less dependent on debt to grow their business.

Tracsis LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tracsis'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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Tracsis LT-Debt-to-Total-Asset Chart

Tracsis Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

LT-Debt-to-Total-Asset

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0.01

Tracsis Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Tracsis LT-Debt-to-Total-Asset Calculation

Tracsis's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2024 is calculated as

LT Debt to Total Assets (A: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2024 )	/	Total Assets (A: Jul. 2024 )
	=	0.737	/	102.81
	=	0.01

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

LT Debt to Total Assets (Q: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2024 )	/	Total Assets (Q: Jul. 2024 )
	=	0.737	/	102.81
	=	0.01

Tracsis (LSE:TRCS) 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.

Tracsis LT-Debt-to-Total-Asset Related Terms

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Tracsis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tracsis PLC (LSE:TRCS) » Definitions » LT-Debt-to-Total-Asset

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TCIIF:USA TRCS.GB:UK

Address

Discovery Way, Nexus, Leeds, GBR, LS2 3AA

Website

https://www.tracsis.com

Tracsis PLC is engaged in the business of software development and consultancy for the rail industry. It is organized into two main business segments: Rail Technology and Services and Data, Analytics, Consultancy & Events. The Rail Technology and Services division includes software, consultancy, and remote condition monitoring technology and also includes Ontrac. The Data, Analytics, Consultancy & Events division which derives majority revenue, focuses on data capture and analytics, geographic information systems, earth observation, consultancy and event traffic management within a range of transport and pedestrian rich environments. The company currently operates in three geographical markets: the United Kingdom, Ireland, Europe, North America Australia, and the Rest of the world.

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