TPB (Turning Point Brands) LT-Debt-to-Total-Asset : 0.52 (As of Dec. 2024)

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What is Turning Point Brands 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. Turning Point Brands's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.52.

Turning Point Brands's long-term debt to total assets ratio declined from Dec. 2023 (0.56) to Dec. 2024 (0.52). It may suggest that Turning Point Brands is progressively becoming less dependent on debt to grow their business.

Turning Point Brands LT-Debt-to-Total-Asset Historical Data

The historical data trend for Turning Point Brands'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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Turning Point Brands LT-Debt-to-Total-Asset Chart

Turning Point Brands Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.64

0.71

0.73

0.56

0.52

Turning Point Brands Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.56	0.54	0.43	0.53	0.52

Turning Point Brands LT-Debt-to-Total-Asset Calculation

Turning Point Brands's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	258.153	/	493.353
	=	0.52

Turning Point Brands's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	258.153	/	493.353
	=	0.52

Turning Point Brands (NYSE:TPB) 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.

Turning Point Brands LT-Debt-to-Total-Asset Related Terms

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Turning Point Brands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Turning Point Brands Inc (NYSE:TPB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

0T5:Germany

Address

5201 Interchange Way, Louisville, KY, USA, 40229

Website

https://www.turningpointbrands.com

Turning Point Brands Inc operates as manufacturer, marketer, provider of consumer products that include Other Tobacco Products (OTP) in the U.S. The company offers a wide variety across the OTP spectrum including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in two segments namely Zig-Zag products and Stoker's products segment. The company generates maximum revenue from the Zig-Zag products segment.

Executives

Baxter Gregory H.a.	director	C/O SPECIAL DIVERSIFIED OPPORTUNITIES, 1521 CONCORD PIKE, SUITE 301, WILMINGTON DE 19803
Lawrence Wexler	director, officer: President and CEO	393 CARTER STREET, NEW CANAAN CT 06840
Stephen Usher	director	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
David Edward Glazek	director, officer: Executive Chairman	767 FIFTH AVENUE 12TH FL, NEW YORK NY 10153
Graham Purdy	officer: President & CEO	12442 POPLAR WOOD DRIVE, GOSHEN KY 40026
Brittani Cushman	officer: Sr VP, General Counsel	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Luis Reformina	officer: Sr VP, CFO	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Rohith Reddy	director	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Zimmerman Arnold	director	925 PARK AVE, 2A, NEW YORK NY 10028
Assia Grazioli-venier	director	C/O MARQUEE RAINE ACQUISITION CORP., 65 EAST 55TH STREET, 24TH FLOOR, NEW YORK NY 10022
Ashley Davis Frushone	director	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Diao H.c. Charles	director	1775 TYSONS BOULEVARD, TYSONS VA 22102
Standard General L.p.	10 percent owner	767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Yavor Efremov	director	1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK TX 72202
Standard Diversified Inc.	10 percent owner	767 5TH AVENUE, 12TH FLOOR, NEW YORK NY 10153