Tempest Security AB (OSTO:TSEC) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2024)

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What is Tempest Security AB 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. Tempest Security AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.09.

Tempest Security AB's long-term debt to total assets ratio declined from Sep. 2023 (0.11) to Sep. 2024 (0.09). It may suggest that Tempest Security AB is progressively becoming less dependent on debt to grow their business.

Tempest Security AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tempest Security AB'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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Tempest Security AB LT-Debt-to-Total-Asset Chart

Tempest Security AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.18

0.14

0.11

Tempest Security AB 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															0.11	0.11	0.10	0.09	0.09

Tempest Security AB LT-Debt-to-Total-Asset Calculation

Tempest Security AB'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 )
	=	25.939	/	241.897
	=	0.11

Tempest Security AB'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 )
	=	20.405	/	225.903
	=	0.09

Tempest Security AB (OSTO:TSEC) 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.

Tempest Security AB LT-Debt-to-Total-Asset Related Terms

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Tempest Security AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Tempest Security AB (OSTO:TSEC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Ralambsvagen 17, 17 stairs, Stockholm, SWE, 112 59

Website

http://investor.tempest.se

Tempest Security AB provides solutions for security, protection, and service. The company's solutions include everything from security guards and guards to receptionists and caretakers, specially trained security personnel, installation of alarm and monitoring technology, training staff and much more. It offers services in the various divisions which include real estate, hotels, and restaurants, industry, offices, shops and malls, state and municipalities as well as individuals. Geographically, the business activities are functioned through the regions of Sweden.

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