Tallinnadam AS (OTSE:TSM1T) LT-Debt-to-Total-Asset : 0.26 (As of Mar. 2024)

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What is Tallinnadam 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. Tallinnadam AS's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.26.

Tallinnadam AS's long-term debt to total assets ratio declined from Mar. 2023 (0.27) to Mar. 2024 (0.26). It may suggest that Tallinnadam AS is progressively becoming less dependent on debt to grow their business.

Tallinnadam AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tallinnadam 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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Tallinnadam AS LT-Debt-to-Total-Asset Chart

Tallinnadam AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.31

0.30

0.28

0.26

Tallinnadam AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.27	0.28	0.27	0.26	0.26

Tallinnadam AS LT-Debt-to-Total-Asset Calculation

Tallinnadam 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 )
	=	157.566	/	606.164
	=	0.26

Tallinnadam AS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	156.566	/	609.977
	=	0.26

Tallinnadam AS (OTSE:TSM1T) 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.

Tallinnadam AS LT-Debt-to-Total-Asset Related Terms

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Tallinnadam AS (OTSE:TSM1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tallinna Sadam AS (OTSE:TSM1T) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Sadama 25, Tallinn, EST, 15051

Website

https://www.ts.ee

Tallinna Sadam AS is a company whose core business lines are rendering port services in the capacity of a landlord port, organising passenger ferry service between Estonia's mainland and biggest islands and operating the multifunctional icebreaker Botnica. The reportable segments of the company are Passenger harbours, Cargo harbours, Ferry and Others and the majority of its revenue is derived from the Cargo harbour segment.

Tallinnadam AS (OTSE:TSM1T) Headlines

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