Tallink Grupp AS (OHEL:TALLINK) LT-Debt-to-Total-Asset : 0.32 (As of Sep. 2024)

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What is Tallink Grupp AS 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. Tallink Grupp AS's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.32.

Tallink Grupp AS's long-term debt to total assets ratio declined from Sep. 2023 (0.35) to Sep. 2024 (0.32). It may suggest that Tallink Grupp AS is progressively becoming less dependent on debt to grow their business.

Tallink Grupp AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tallink Grupp AS'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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Tallink Grupp AS LT-Debt-to-Total-Asset Chart

Tallink Grupp AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.32

0.39

0.34

0.41

0.35

Tallink Grupp AS 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															0.35	0.35	0.34	0.33	0.32

Tallink Grupp AS LT-Debt-to-Total-Asset Calculation

Tallink Grupp AS'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 )
	=	545.16	/	1555.221
	=	0.35

Tallink Grupp AS'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 )
	=	483.812	/	1498.9
	=	0.32

Tallink Grupp AS (OHEL:TALLINK) 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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Tallink Grupp AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tallink Grupp AS (OHEL:TALLINK) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

TAL1T:Estonia T5N:Germany

Address

Sadama 5, Tallinn, EST, 10111

Website

https://www.tallink.com

Tallink Grupp AS provides marine passenger and cargo transportation services in the Baltic Sea. It operates a total fleet of approximately more than 15 vessels that include cruise ferries, high-speed ro-pax ferries, and ro-ro cargo vessels. In addition, the Group operates three hotels in Tallinn and one in Riga, and also eight restaurants of the fast-food chain in Estonia, Latvia, and Lithuania. It offers services on various routes between Estonia, Finland, Sweden, and Latvia under the Tallink and Silja Line brands. The company operates through the following segments: Estonia - Finland, Finland - Sweden, Estonia - Sweden, and Others.

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