Titanium Transportation Group (Titanium Transportation Group) LT-Debt-to-Total-Asset : 0.39 (As of Mar. 2024)

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What is Titanium Transportation Group 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. Titanium Transportation Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.39.

Titanium Transportation Group's long-term debt to total assets ratio increased from Mar. 2023 (0.35) to Mar. 2024 (0.39). It may suggest that Titanium Transportation Group is progressively becoming more dependent on debt to grow their business.

Titanium Transportation Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Titanium Transportation Group'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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Titanium Transportation Group LT-Debt-to-Total-Asset Chart

Titanium Transportation Group Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.38

0.35

0.21

0.33

0.40

Titanium Transportation Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.35	0.35	0.39	0.40	0.39

Titanium Transportation Group LT-Debt-to-Total-Asset Calculation

Titanium Transportation Group'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 )
	=	105.603	/	265.351
	=	0.40

Titanium Transportation Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	101.549	/	260.494
	=	0.39

Titanium Transportation Group (OTCPK:TTNMF) 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.

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Titanium Transportation Group (Titanium Transportation Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Titanium Transportation Group Inc (OTCPK:TTNMF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

TTNM:Canada

Address

32 Simpson Road, Bolton, ON, CAN, L7E 1G9

Website

https://www.ttgi.com

Titanium Transportation Group Inc is assets-based transportation and logistics firm that provides services like truckload, dedicated, cross-border trucking services, freight logistics, warehousing, and distribution. The company operating segments namely, the Truck Transportation segment represents the pickup and delivery of full loads across Canada and the United States using a closed van, flatbed or other specialized equipment, and the logistics segment represents the brokering of freight across North America. Most of its revenue is earned through the Truck transportation segment. The group has a business presence in Canada and the United States.