Tornos Holding AG (XSWX:TOHN) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2023)

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What is Tornos Holding AG 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. Tornos Holding AG's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.05.

Tornos Holding AG's long-term debt to total assets ratio increased from Jun. 2022 (0.00) to Jun. 2023 (0.05). It may suggest that Tornos Holding AG is progressively becoming more dependent on debt to grow their business.

Tornos Holding AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tornos Holding AG'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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Tornos Holding AG LT-Debt-to-Total-Asset Chart

Tornos Holding AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.16

0.03

Tornos Holding AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	0.03	0.05

Tornos Holding AG LT-Debt-to-Total-Asset Calculation

Tornos Holding AG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	5.043	/	164.355
	=	0.03

Tornos Holding AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	8.301	/	166.662
	=	0.05

Tornos Holding AG (XSWX:TOHN) 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.

Tornos Holding AG LT-Debt-to-Total-Asset Related Terms

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Tornos Holding AG (XSWX:TOHN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tornos Holding AG (XSWX:TOHN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rue Industrielle 111, P.O. Box 960, Moutier, CHE, CH-2740

Website

https://www.tornos.com

Tornos Holding AG is engaged in the machinery sector. The company develops, manufactures, markets, sells, and provides services of machines and related spare parts. The group primarily offers a wide range of automatic lathes, bar feeders, and software to meet the needs across a wide range of manufacturing applications. Geographically, the business presence of the group are seen in the regions of Switzerland, Other European countries, the Americas, Asia, and the rest of the world. Revenues generated by the firm are derived from sales of machines, spare parts, and service costs.

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