TTGPF (TT Electronics) LT-Debt-to-Total-Asset : 0.31 (As of Jun. 2024)

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What is TT Electronics 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. TT Electronics's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.31.

TT Electronics's long-term debt to total assets ratio increased from Jun. 2023 (0.30) to Jun. 2024 (0.31). It may suggest that TT Electronics is progressively becoming more dependent on debt to grow their business.

TT Electronics LT-Debt-to-Total-Asset Historical Data

The historical data trend for TT Electronics'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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TT Electronics LT-Debt-to-Total-Asset Chart

TT Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.26

0.25

0.28

0.30

TT Electronics Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.28	0.30	0.30	0.31

TT Electronics LT-Debt-to-Total-Asset Calculation

TT Electronics'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 )
	=	248.481	/	829.241
	=	0.30

TT Electronics's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	239.567	/	767.684
	=	0.31

TT Electronics (OTCPK:TTGPF) 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.

TT Electronics LT-Debt-to-Total-Asset Related Terms

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TT Electronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TT Electronics PLC (OTCPK:TTGPF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

TTGl:UK TTG:UK 7TT:Germany

Address

West Street, Fourth Floor, St Andrews House, Woking, Surrey, GBR, GU21 6EB

Website

https://www.ttelectronics.com

TT Electronics PLC provides engineered electronics for performance-critical applications across Healthcare, Aerospace and Defense, Automation and electrification, and Distribution markets. It operates in three segments: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components. Its products consist of connectors, optoelectronics, resistors, semiconductors, and electromagnetics. Its brands include AB Connectors, Aero Stanrew, Power Partners, Semelab, Welwyn Components, and Precision. The geographical segments are the United Kingdom, the Rest of Europe, North America, Asia, and the Rest of the World. It generates maximum revenue from Global Manufacturing Solutions, which provides manufacturing services and engineering solutions.