TMTNF (Toromont Industries) LT-Debt-to-Total-Asset: 0.16 (As of Mar. 2026)

What is Toromont Industries LT-Debt-to-Total-Asset?

Toromont Industries TMTNF -3.03% 89 LT-Debt-to-Total-Asset is 0.16 as of Mar. 2026. GuruFocus rates TMTNF with a GF Score™ of 89/100 and a GF Value™ of $101.07 (Significantly Overvalued). The stock has 6 warning signs investors should review.

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. Toromont Industries's long-term debt to total assests ratio for the quarter that ended in Mar. 2026 was 0.16.

Toromont Industries's long-term debt to total assets ratio declined from Mar. 2025 (0.16) to Mar. 2026 (0.16). It may suggest that Toromont Industries is progressively becoming less dependent on debt to grow their business.

Toromont Industries (OTCPK:TMTNF) 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.

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

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

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The historical data trend for Toromont 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.

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

Toromont Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

LT-Debt-to-Total-Asset

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0.18

0.16

0.15

0.11

0.15

Toromont Industries Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.16	0.16	0.15	0.16

89GF Score

Toromont Industries Ltd TMTNF

LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.

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Toromont Industries LT-Debt-to-Total-Asset Calculation

Toromont Industries's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

LT Debt to Total Assets (A: Dec. 2025 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2025 )	/	Total Assets (A: Dec. 2025 )
	=	609.725	/	3965.436
	=	0.15

Toromont Industries's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

LT Debt to Total Assets (Q: Mar. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2026 )	/	Total Assets (Q: Mar. 2026 )
	=	616.093	/	3968.074
	=	0.16

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.16 mean?

Toromont Industries (TMTNF) has a LT-Debt-to-Total-Asset of 0.16 as of Mar. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Toromont Industries and its competitors.

Is Toromont Industries' LT-Debt-to-Total-Asset too high?

Toromont Industries' current LT-Debt-to-Total-Asset is 0.16. Overall, Toromont Industries has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Toromont Industries' LT-Debt-to-Total-Asset compare to GWW and FAST?

Toromont Industries' LT-Debt-to-Total-Asset of 0.16 can be compared against companies in the Industrial Distribution 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 Distribution company?

A good LT-Debt-to-Total-Asset depends on the Industrial Distribution 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 Toromont Industries and its competitors. Toromont Industries's current LT-Debt-to-Total-Asset is 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Toromont Industries stock overvalued right now?

Based on GuruFocus' analysis, Toromont Industries (TMTNF) is currently considered Significantly Overvalued. The stock's GF Value™ is $101.07, compared to a current price of $157.76 — trading 56.1% above its estimated fair value. The current LT-Debt-to-Total-Asset is 0.16. Toromont Industries' overall GF Score™ is 89/100 with 6 warning signs to review. 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 Toromont Industries (TMTNF), the current LT-Debt-to-Total-Asset is 0.16 as of Mar. 2026. 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.

Is Toromont Industries (TMTNF) Overvalued in 2026?

Based on GuruFocus' analysis, Toromont Industries stock appears to be overvalued. The current stock price of $157.76 is trading 56.1% above its estimated GF Value™ of $101.07. GuruFocus considers Toromont Industries to be Significantly Overvalued.

Key valuation signals for TMTNF:

LT-Debt-to-Total-Asset: 0.16
GF Value™: $101.07 vs. price of $157.76 (56.1% above fair value)
GF Score™: 89/100 with 6 warning signs

No single metric tells the full story. See the TMTNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Toromont Industries Business Description

Industry Industrials Industrial Distribution

Comparable Companies TSX:FTT TSX:RUS TSX:DBM TSX:ADEN TSX:WJX TSX:TBL GWW FAST FERG WCC WSO QXO LSE:DPLM AIT OSTO:ADDT B CNM POOL OSTO:INDT OSTO:BEIJ B ASX:REH

Other Exchanges TMTNY:USA 14T:Germany TIH:Canada

Address 3131 Highway 7 West, P.O. Box 5511, Executive Offices, Concord, ON, CAN, L4K 1B7

Website https://www.toromont.com

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group supplies and rents mobile and stationary machines used in road building, mining, aggregates, public infrastructure, residential construction, power generation, agriculture, forestry, truck engines, industrial, demolition, and waste management. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates majorly in Canada and derives a smaller portion of sales from the United States of America and other regions.

89GF Score

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$157.76

Price

$101.07

GF Value

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