TPS Eastern Africa (NAI:TPSE) LT-Debt-to-Total-Asset : 0.19 (As of Dec. 2023)

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What is TPS Eastern Africa 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. TPS Eastern Africa's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.19.

TPS Eastern Africa's long-term debt to total assets ratio declined from Dec. 2021 (0.34) to Dec. 2023 (0.19). It may suggest that TPS Eastern Africa is progressively becoming less dependent on debt to grow their business.

TPS Eastern Africa LT-Debt-to-Total-Asset Historical Data

The historical data trend for TPS Eastern Africa'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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TPS Eastern Africa LT-Debt-to-Total-Asset Chart

TPS Eastern Africa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.22

0.31

0.34

0.22

0.19

TPS Eastern Africa Semi-Annual Data
	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.22	0.31	0.34	0.22	0.19

TPS Eastern Africa LT-Debt-to-Total-Asset Calculation

TPS Eastern Africa'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 )
	=	3782.771	/	19872.082
	=	0.19

TPS Eastern Africa's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	3782.771	/	19872.082
	=	0.19

TPS Eastern Africa (NAI:TPSE) 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.

TPS Eastern Africa LT-Debt-to-Total-Asset Related Terms

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TPS Eastern Africa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TPS Eastern Africa Ltd (NAI:TPSE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4th Ngong Avenue, P.O. Box 48690, 4th Floor, Williamson House, Nairobi, KEN, 00100

Website

https://www.serenahotels.com

TPS Eastern Africa Ltd is a Kenya based company and along with its subsidiaries own and operates hotel and lodge facilities in Eastern Africa. In terms of the segment, the business has three operating segments that are Kenya Hotels and Lodges, Tanzania Lodges, and Uganda Hotels; out of which Kenya Hotels and Lodges generate maximum revenue for the company. Geographically the company has diversified its business to Uganda, Tanzania, and Kenya. The company is also interested in performing promotion activities for its hotels through its subsidiaries.

TPS Eastern Africa Headlines

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