Tantalus Systems Holding (TSX:GRID) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2024)

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What is Tantalus Systems Holding 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. Tantalus Systems Holding's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.11.

Tantalus Systems Holding's long-term debt to total assets ratio increased from Jun. 2023 (0.08) to Sep. 2024 (0.11). It may suggest that Tantalus Systems Holding is progressively becoming more dependent on debt to grow their business.

Tantalus Systems Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tantalus Systems Holding'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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Tantalus Systems Holding LT-Debt-to-Total-Asset Chart

Tantalus Systems Holding Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.11

0.10

0.14

Tantalus Systems Holding Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.08	0.14	0.14	0.13	0.11

Tantalus Systems Holding LT-Debt-to-Total-Asset Calculation

Tantalus Systems Holding'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 )
	=	6.719	/	46.686
	=	0.14

Tantalus Systems Holding's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	5.535	/	50.38
	=	0.11

Tantalus Systems Holding (TSX:GRID) 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.

Tantalus Systems Holding LT-Debt-to-Total-Asset Related Terms

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Tantalus Systems Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tantalus Systems Holding Inc (TSX:GRID) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TNTLF:USA

Address

3555 Gilmore Way, Suite 200, Burnaby, BC, CAN, V5G 0B3

Website

https://www.tantalus.com

Tantalus Systems Holding Inc Canada-based company engaged in developing and delivering purpose-built smart grid solutions for public power and electric cooperative utilities. Its segments include the Connected Devices and Infrastructure Segment and Utility Software Applications and Services, and the majority of the revenue comes from Utility Software Applications and Services. Geographic regions are the United States, Canada, and Others, and the majority of the revenue comes from the United States.

Executives

Thomas Craig Liston	Director
Peter Londa	Director, Senior Officer
George Reznik	Senior Officer
Laura Mary Formusa	Director
Michael Joseph Julian	Senior Officer
Dermot David O'leary	Senior Officer