Tulikivi Oyj (OHEL:TULAV) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2024)

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What is Tulikivi Oyj 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. Tulikivi Oyj's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.23.

Tulikivi Oyj's long-term debt to total assets ratio increased from Dec. 2023 (0.22) to Dec. 2024 (0.23). It may suggest that Tulikivi Oyj is progressively becoming more dependent on debt to grow their business.

Tulikivi Oyj LT-Debt-to-Total-Asset Historical Data

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

Tulikivi Oyj Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.43

0.33

0.26

0.22

0.23

Tulikivi Oyj Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.27	0.25	0.25	0.23

Tulikivi Oyj LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	8.6	/	36.7
	=	0.23

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

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	8.6	/	36.7
	=	0.23

Tulikivi Oyj (OHEL:TULAV) 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.

Tulikivi Oyj LT-Debt-to-Total-Asset Related Terms

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Tulikivi Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tulikivi Oyj (OHEL:TULAV) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

0GCJ:UK

Address

Kuhnustantie 22, Juuka, FIN, FI-83900

Website

https://www.tulikivi.com

Tulikivi Oyj specializes in high-quality fireplaces, sauna heaters, and decorative stone products made from natural materials. Its factories are located in Juuka, Suomussalmi, and Heinavesi. Its product groups: Fireplaces, Sauna, and Interior. In addition, it manufactures the modern, versatile heaters on the market for both wood and electric saunas. The group also provides decorative stone solutions for all areas of the home, including stone countertops tiles, and mosaics. Its geographical area is Finland, the Rest of Europe, and the USA.

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