TBIIF (Tobii AB) LT-Debt-to-Total-Asset : 0.21 (As of Sep. 2024)

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What is Tobii 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. Tobii AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.21.

Tobii AB's long-term debt to total assets ratio increased from Sep. 2023 (0.05) to Sep. 2024 (0.21). It may suggest that Tobii AB is progressively becoming more dependent on debt to grow their business.

Tobii AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tobii 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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Tobii AB LT-Debt-to-Total-Asset Chart

Tobii AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.22

0.32

0.05

0.03

0.05

Tobii 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															0.05	0.05	0.21	0.19	0.21

Tobii AB LT-Debt-to-Total-Asset Calculation

Tobii 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 )
	=	5.362	/	112.015
	=	0.05

Tobii 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 )
	=	35.683	/	167.954
	=	0.21

Tobii AB (OTCPK:TBIIF) 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.

Tobii AB LT-Debt-to-Total-Asset Related Terms

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Tobii AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tobii AB (OTCPK:TBIIF) » Definitions » LT-Debt-to-Total-Asset

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TOBII:Sweden 0R6W:UK 24T:Germany

Address

Karlsrovagen 2D, Danderyd, SWE, S-182 53

Website

https://www.tobii.com

Tobii AB, along with its subsidiaries, provides eye-tracking solutions. The group comprises three business units: Tobii Dynavox, Tobii Pro and Tobii Tech. Tobii Dynavox provides assistive technology for communication. Tobii Pro is a provider of eye-tracking solutions and services to study human behavior. Tobii Tech provides eye-tracking components and platforms. Business operations of the company are functioned through Sweden, Europe, the USA, Asia/Oceania, and Other countries. It derives a majority of revenue from the USA.