Tenax International SpA (MIL:TNX) Debt-to-Asset : 0.34 (As of Dec. 2023)

Tenax International SpA Debt-to-Asset Chart

Tenax International SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial					0.41	0.39	0.34	0.33	0.34

Competitive Comparison of Tenax International SpA's Debt-to-Asset

For the Auto Manufacturers subindustry, Tenax International SpA's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tenax International SpA's Debt-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tenax International SpA's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Tenax International SpA's Debt-to-Asset falls into.

Tenax International SpA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tenax International SpA's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Tenax International SpA's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

* 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.

Tenax International SpA  (MIL:TNX) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Tenax International SpA Debt-to-Asset Related Terms

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Tenax International SpA (MIL:TNX) Business Description