TRUK (Truck Hero) LT-Debt-to-Total-Asset: 0.50 (As of Jun. 2015)


What is Truck Hero LT-Debt-to-Total-Asset?

Truck Hero TRUK LT-Debt-to-Total-Asset is 0.50 as of Jun. 2015.

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. Truck Hero's long-term debt to total assests ratio for the quarter that ended in Jun. 2015 was 0.50.

Truck Hero's long-term debt to total assets ratio declined from Dec. 2013 (0.78) to Jun. 2015 (0.50). It may suggest that Truck Hero is progressively becoming less dependent on debt to grow their business.

Truck Hero  (NYSE:TRUK) 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.

Truck Hero LT-Debt-to-Total-Asset Related Terms

Truck Hero LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Truck Hero'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.

Truck Hero LT-Debt-to-Total-Asset Chart

Truck Hero Annual Data
Trend Dec13 Dec14
LT-Debt-to-Total-Asset
0.78 0.51

Truck Hero Semi-Annual Data
Dec13 Jun14 Jun15
LT-Debt-to-Total-Asset 0.78 0.00 0.50

Truck Hero LT-Debt-to-Total-Asset Calculation

Truck Hero's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2014 is calculated as

LT Debt to Total Assets (A: Dec. 2014 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2014 )/Total Assets (A: Dec. 2014 )
=385.498/754.66
=

Truck Hero's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2015 is calculated as

LT Debt to Total Assets (Q: Jun. 2015 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2015 )/Total Assets (Q: Jun. 2015 )
=420.9/838.283
=0.50

* 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 0.50 mean?
Truck Hero (TRUK) has a LT-Debt-to-Total-Asset of 0.50 as of Jun. 2015. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Truck Hero and its competitors.
Is Truck Hero's LT-Debt-to-Total-Asset too high?
Truck Hero's current LT-Debt-to-Total-Asset is 0.50.
How does Truck Hero's LT-Debt-to-Total-Asset compare to IMLE and PFTI?
Truck Hero's LT-Debt-to-Total-Asset of 0.50 can be compared against companies in the Vehicles & Parts 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 a Vehicles & Parts company?
A good LT-Debt-to-Total-Asset depends on the Vehicles & Parts 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 Truck Hero and its competitors. Truck Hero's current LT-Debt-to-Total-Asset is 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Truck Hero stock overvalued right now?
Truck Hero (TRUK) has a current LT-Debt-to-Total-Asset of 0.50. The current LT-Debt-to-Total-Asset is 0.50. 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 Truck Hero (TRUK), the current LT-Debt-to-Total-Asset is 0.50 as of Jun. 2015. 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.

Truck Hero Business Description

Truck Hero Inc was incorporated in Delaware in November 2007. The Company designs, manufactures and markets consumer accessories for pickup trucks. It offers a portfolio of branded and private label truck bed covers and accessories that include truck bed covers, truck caps, and bed liners custom-made fiberglass and aluminum truck caps and fiberglass truck bed covers to consumer and commercial markets and a line of retractable aluminum slat and hard-rolling truck bed covers, as well as bed rails and storage boxes. It also sells third party branded vehicle accessories online, which include floor mats, grill guards, steps, tool boxes, and towing product. The Company competes with the companies that manufacture and retail accessory and appearance products. It is subject to governmental laws and regulations.