Trifast (LSE:TRI) LT-Debt-to-Total-Asset : 0.24 (As of Sep. 2024)

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What is Trifast 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. Trifast's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.24.

Trifast's long-term debt to total assets ratio declined from Sep. 2023 (0.30) to Sep. 2024 (0.24). It may suggest that Trifast is progressively becoming less dependent on debt to grow their business.

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

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

Trifast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.26

0.13

0.24

0.31

0.25

Trifast Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.31	0.30	0.25	0.24

Trifast LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	56.879	/	230.159
	=	0.25

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	55.312	/	228.551
	=	0.24

Trifast (LSE:TRI) 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.

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

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Trifast Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Trifast PLC (LSE:TRI) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

TRIl:UK TRI.GB:UK

Address

Bellbrook Park, Trifast House, Uckfield, East Sussex, GBR, TN22 1QW

Website

https://www.trifast.com

Trifast PLC is engaged in the engineering, manufacturing, and distributing of industrial fastenings and category C components to industrial and retail customers. It serves Electronics, Automotive, Domestic appliances, Distributors, General Industrial, and other sectors. The company's product offerings include screws and bolts, nuts, fasteners, washers, seals, tooling, and driver bits among others. Its geographical segments include the UK and Ireland, Europe, North America, and Asia. It derives a majority of its revenue from the Europe segment which represents the revenue generated from its business in Norway, Sweden, Hungary, Holland, Italy, Germany, and Spain.