TCM Group A/S (OCSE:TCM) LT-Debt-to-Total-Asset : 0.22 (As of Mar. 2024)

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What is TCM Group A/S 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. TCM Group A/S's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.22.

TCM Group A/S's long-term debt to total assets ratio increased from Mar. 2023 (0.07) to Mar. 2024 (0.22). It may suggest that TCM Group A/S is progressively becoming more dependent on debt to grow their business.

TCM Group A/S LT-Debt-to-Total-Asset Historical Data

The historical data trend for TCM Group A/S'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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TCM Group A/S LT-Debt-to-Total-Asset Chart

TCM Group A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.07

0.05

0.08

0.18

TCM Group A/S 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															0.07	0.08	0.17	0.18	0.22

TCM Group A/S LT-Debt-to-Total-Asset Calculation

TCM Group A/S'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 )
	=	216.222	/	1200.873
	=	0.18

TCM Group A/S'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 )
	=	265.6	/	1213.7
	=	0.22

TCM Group A/S (OCSE:TCM) 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.

TCM Group A/S LT-Debt-to-Total-Asset Related Terms

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TCM Group A/S (OCSE:TCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » TCM Group A/S (OCSE:TCM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

TCMc:UK

Address

Skautrupvej 16, Tvis, Holstebro, DNK, 7500

Website

https://www.tcmgroup.dk

TCM Group A/S manufactures and supplies kitchen and furniture products for bathrooms and storage in Denmark and the other Scandinavian countries. Its products include drawers, cabinets, fronts, table tops, handles, and other accessories. It offers its products under the Svane Kokkenet, Tvis Kokkener, Nettoline, and kitchen brands. The company also sells private label products through Do-It-Yourself and kitchen specialty stores in Denmark and Norway. The group sells its products in Denmark and other countries, of which a majority of the revenue is derived from Denmark.

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