Townsquare Media (FRA:2T8) LT-Debt-to-Total-Asset : 0.85 (As of Mar. 2024)

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What is Townsquare Media 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. Townsquare Media's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.85.

Townsquare Media's long-term debt to total assets ratio increased from Mar. 2023 (0.78) to Mar. 2024 (0.85). It may suggest that Townsquare Media is progressively becoming more dependent on debt to grow their business.

Townsquare Media LT-Debt-to-Total-Asset Historical Data

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

Townsquare Media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.67

0.77

0.80

0.77

0.83

Townsquare Media 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															0.78	0.79	0.82	0.83	0.85

Townsquare Media LT-Debt-to-Total-Asset Calculation

Townsquare Media'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 )
	=	496.184	/	597.929
	=	0.83

Townsquare Media'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 )
	=	497.898	/	585.764
	=	0.85

Townsquare Media (FRA:2T8) 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.

Townsquare Media LT-Debt-to-Total-Asset Related Terms

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Townsquare Media (FRA:2T8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Townsquare Media Inc (FRA:2T8) » Definitions » LT-Debt-to-Total-Asset

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TSQ:USA

Address

One Manhattanville Road, Suite 202, Purchase, New York, NY, USA, 10577

Website

https://www.townsquaremedia.com

Townsquare Media Inc is a radio, digital media, entertainment, and digital marketing solutions company principally focused on being the premier local advertising and marketing solutions platform in small and mid-sized markets across the United States. It has three segments which are Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. It earns the majority of the revenue from the Broadcasting Advertising segment. Its portfolio includes local media brands such as WYRK.com, WJON.com, and NJ101.5.com, and premier national music brands such as XXLmag.com, TasteofCountry.com, UltimateClassicRock.com, and Loudwire.com.

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