Terragen Holdings (ASX:TGH) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Terragen Holdings 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. Terragen Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Terragen Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.03). It may suggest that Terragen Holdings is progressively becoming more dependent on debt to grow their business.

Terragen Holdings LT-Debt-to-Total-Asset Historical Data

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

Terragen Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.01

0.02

Terragen Holdings Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.02	0.02	0.01	-	0.03

Terragen Holdings LT-Debt-to-Total-Asset Calculation

Terragen Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.02	/	6.347
	=	0.00

Terragen Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.234	/	8.348
	=	0.03

Terragen Holdings (ASX:TGH) 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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Terragen Holdings (ASX:TGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Terragen Holdings Ltd (ASX:TGH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Access Crescent, Unit 6, Coolum Beach, QLD, AUS, 4573

Website

https://www.terragen.com.au

Terragen Holdings Ltd is an Australia based developer of agricultural bio solutions whose core technology platform addresses soil health and productivity, animal health and nutrition without relying on chemical-based fertilizers, pesticides and antibiotics. Its products include Mylo and Great Land Plus. Geographically, it operates within Australia and Newzealand.