Tenable Holdings (MEX:TENB) LT-Debt-to-Total-Asset : 0.25 (As of Sep. 2024)

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What is Tenable 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. Tenable Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.25.

Tenable Holdings's long-term debt to total assets ratio declined from Sep. 2023 (0.27) to Sep. 2024 (0.25). It may suggest that Tenable Holdings is progressively becoming less dependent on debt to grow their business.

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

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

Tenable Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.08

0.34

0.29

0.25

Tenable Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.27	0.25	0.26	0.26	0.25

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

Tenable Holdings'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 )
	=	6914.273	/	27275.427
	=	0.25

Tenable Holdings'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 )
	=	7896.598	/	32182.2
	=	0.25

Tenable Holdings (MEX:TENB) 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.

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

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Tenable Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tenable Holdings Inc (MEX:TENB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

TENB:USA 0ZC0:UK

Address

6100 Merriweather Drive, Columbia, MD, USA, 21044

Website

https://www.tenable.com

Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018.