Tirex (TXMC) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2009)

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What is Tirex 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. Tirex's long-term debt to total assests ratio for the quarter that ended in Jun. 2009 was 0.00.

Tirex's long-term debt to total assets ratio declined from Jun. 2007 (11.96) to Jun. 2009 (0.00). It may suggest that Tirex is progressively becoming less dependent on debt to grow their business.

Tirex LT-Debt-to-Total-Asset Historical Data

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

Tirex Annual Data

Trend

Jun00

Jun01

Jun02

Jun06

Jun07

Jun08

Jun09

Jun14

LT-Debt-to-Total-Asset

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10.42

11.96

Tirex Semi-Annual Data
	Jun00	Jun01	Jun02	Jun06	Jun07	Jun08	Jun09	Jun14
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			10.42	11.96	-	-	-

Tirex LT-Debt-to-Total-Asset Calculation

Tirex's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2009 is calculated as

LT Debt to Total Assets (A: Jun. 2009 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2009 )	/	Total Assets (A: Jun. 2009 )
	=	0	/	0
	=

Tirex's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2009 is calculated as

LT Debt to Total Assets (Q: Jun. 2009 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2009 )	/	Total Assets (Q: Jun. 2009 )
	=	0	/	0
	=

Tirex (OTCPK:TXMC) 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.

Tirex LT-Debt-to-Total-Asset Related Terms

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Tirex (TXMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tirex Corp (OTCPK:TXMC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1771 Post Road East, Westport, CT, USA, 06880

Website

http://www.tirex-tcs.com

Tirex Corp is engaged in the business of developing for sale, licensing or environmentally safe, patented, semi cryogenic turn key tire recycling system.

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