Topps Tiles (Topps Tiles) LT-Debt-to-Total-Asset : 0.45 (As of Sep. 2023)

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What is Topps Tiles 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. Topps Tiles's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.45.

Topps Tiles's long-term debt to total assets ratio declined from Sep. 2022 (0.47) to Sep. 2023 (0.45). It may suggest that Topps Tiles is progressively becoming less dependent on debt to grow their business.

Topps Tiles LT-Debt-to-Total-Asset Historical Data

The historical data trend for Topps Tiles'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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Topps Tiles LT-Debt-to-Total-Asset Chart

Topps Tiles Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.27

0.48

0.49

0.47

0.45

Topps Tiles Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.49	0.48	0.47	0.45	0.45

Topps Tiles LT-Debt-to-Total-Asset Calculation

Topps Tiles's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	97.59	/	215.844
	=	0.45

Topps Tiles's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	97.59	/	215.844
	=	0.45

Topps Tiles (OTCPK:TPTJF) 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.

Topps Tiles LT-Debt-to-Total-Asset Related Terms

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Topps Tiles (Topps Tiles) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Topps Tiles PLC (OTCPK:TPTJF) » Definitions » LT-Debt-to-Total-Asset

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TPTl:UK TPT.GB:UK TPT:UK

Address

Thorpe Way, Grove Park, Enderby, Leicestershire, GBR, LE19 1SU

Website

https://www.toppstiles.co.uk

Topps Tiles PLC is a tile and flooring retailer in the UK. The company focuses on selling ceramic and porcelain tiles, natural stone, and related products for homes and businesses. It offers products such as bathroom tiles, kitchen tiles, floor tiles, wall tiles, mosaic tiles, natural stone, and other tools and essentials. The company generates the majority of its revenues from sales in the UK.

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