TBLT (ToughBuilt Industries) LT-Debt-to-Total-Asset: 0.03 (As of Dec. 2023)


TBLT ToughBuilt Industries Inc TBLT
12 GF Score
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What is ToughBuilt Industries LT-Debt-to-Total-Asset?

ToughBuilt Industries TBLT +149,900.00% 12 LT-Debt-to-Total-Asset is 0.03 as of Dec. 2023. GuruFocus rates TBLT with a GF Score™ of 12/100.

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. ToughBuilt Industries's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

ToughBuilt Industries's long-term debt to total assets ratio declined from Dec. 2022 (0.04) to Dec. 2023 (0.03). It may suggest that ToughBuilt Industries is progressively becoming less dependent on debt to grow their business.

ToughBuilt Industries  (OTCPK:TBLT) 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.

ToughBuilt Industries LT-Debt-to-Total-Asset Related Terms

ToughBuilt Industries LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for ToughBuilt Industries'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.

ToughBuilt Industries LT-Debt-to-Total-Asset Chart

ToughBuilt Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.00 0.00 0.00 0.04 0.03

ToughBuilt Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.04 0.05 0.05 0.03
TBLT
12GF Score
ToughBuilt Industries Inc TBLT
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ToughBuilt Industries LT-Debt-to-Total-Asset Calculation

ToughBuilt Industries'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 )
=1.388/51.79
=0.03

ToughBuilt Industries's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )/Total Assets (Q: Dec. 2023 )
=1.388/51.79
=0.03

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.03 mean?
ToughBuilt Industries (TBLT) has a LT-Debt-to-Total-Asset of 0.03 as of Dec. 2023. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on ToughBuilt Industries and its competitors.
Is ToughBuilt Industries' LT-Debt-to-Total-Asset too high?
ToughBuilt Industries' current LT-Debt-to-Total-Asset is 0.03. Overall, ToughBuilt Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does ToughBuilt Industries' LT-Debt-to-Total-Asset compare to CVR and SNA?
ToughBuilt Industries' LT-Debt-to-Total-Asset of 0.03 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for an Industrial Products company?
A good LT-Debt-to-Total-Asset depends on the Industrial Products industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on ToughBuilt Industries and its competitors. ToughBuilt Industries's current LT-Debt-to-Total-Asset is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ToughBuilt Industries stock overvalued right now?
ToughBuilt Industries (TBLT) has a current LT-Debt-to-Total-Asset of 0.03. The current LT-Debt-to-Total-Asset is 0.03. ToughBuilt Industries' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For ToughBuilt Industries (TBLT), the current LT-Debt-to-Total-Asset is 0.03 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

ToughBuilt Industries Business Description

Address 8669 Research Drive, Irvine, CA, USA, 92618
ToughBuilt Industries Inc designs and distributes home improvement and construction product lines under the brand name TOUGHBUILT. Its primary categories contain a total of approximately 22 product lines, consisting of Soft Goods, which include kneepads, tool bags, pouches, and tool belts; Metal Goods, which consist of sawhorses, tool stands, and workbench and; Utility Products, which include utility knives, aviation snips, shears, lasers and levels. Geographically, the group derives revenue from Canada, Europe, USA, and other countries, of which prime revenue is derived from the USA.
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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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