Tennant Co (Tennant Co) LT-Debt-to-Total-Asset : 0.20 (As of Dec. 2023)

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What is Tennant Co 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. Tennant Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.20.

Tennant Co's long-term debt to total assets ratio declined from Dec. 2022 (0.29) to Dec. 2023 (0.20). It may suggest that Tennant Co is progressively becoming less dependent on debt to grow their business.

Tennant Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tennant Co'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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Tennant Co LT-Debt-to-Total-Asset Chart

Tennant Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.32

0.30

0.27

0.29

0.20

Tennant Co 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															0.29	0.28	0.26	0.22	0.20

Tennant Co LT-Debt-to-Total-Asset Calculation

Tennant Co'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 )
	=	221.6	/	1113.4
	=	0.20

Tennant Co'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 )
	=	221.6	/	1113.4
	=	0.20

Tennant Co (NYSE:TNC) 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.

Tennant Co LT-Debt-to-Total-Asset Related Terms

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Tennant Co (Tennant Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tennant Co (NYSE:TNC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TN1:Germany

Address

10400 Clean Street, Eden Prairie, MN, USA, 55344

Website

https://www.tennantco.com

Tennant Co is a manufacturer of floor cleaning equipment, wood flooring, and wood products. It operates in four geographic business units including North America; Latin America; Europe, Middle East, Africa; and Asia Pacific. The company offers products and solutions consisting of mechanized cleaning equipment, detergent-free, and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings, and business solutions such as financing, rental and leasing programs, and machine-to-machine asset management solutions.

Executives

Kristin A. Stokes	officer: Interim General Counsel	701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Donal L Mulligan	director	ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Steven Alan Sonnenberg	director	EMERSON PROCESS MANAGEMENT - ROSEMOUNT, 8200 MARKET BOULEVARD, CHANHASSEN MN 55317
David W. Huml	officer: Sr. VP, Global Marketing	701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Richard H. Zay	officer: Senior VP, The Americas	701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Carol E. Mcknight	officer: Senior VP and CAO	701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Azita Arvani	director	1522 LOMA DRIVE, HERMOSA BEACH CA 90254
Carol S Eicher	director	ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106
Andrew P. Hider	director	10400 CLEAN STREET, EDEN PRARIE MN 55344
Chris Killingstad	director, officer: President and CEO	C/O TENNANT COMPANY, 701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Fay West	officer: Senior VP, CFO	1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532
Barb Balinski	officer: SVP, Innovation & Technology	10400 CLEAN STREET, EDEN PRAIRIE MN 55344
Timothy R. Morse	director	C/O YAHOO! INC., 701 FIRST AVENUE, SUNNYVALE CA 94089
David S Wichmann	director	BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752
Daniel E. Glusick	officer: SVP, Operations	10400 CLEAN STREET, EDEN PRAIRIE MN 55344-2650