Trinet Group (STU:TN3) LT-Debt-to-Total-Asset : 0.26 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Trinet Group 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. Trinet Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.26.

Trinet Group's long-term debt to total assets ratio increased from Mar. 2023 (0.14) to Mar. 2024 (0.26). It may suggest that Trinet Group is progressively becoming more dependent on debt to grow their business.

Trinet Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Trinet Group'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.

* Premium members only.

Trinet Group LT-Debt-to-Total-Asset Chart

Trinet Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.15

0.13

0.16

0.28

Trinet Group 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															0.14	0.16	0.38	0.28	0.26

Trinet Group LT-Debt-to-Total-Asset Calculation

Trinet Group'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 )
	=	929.838	/	3386.481
	=	0.27

Trinet Group'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 )
	=	930.12	/	3650.56
	=	0.25

Trinet Group (STU:TN3) 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.

Trinet Group LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Trinet Group's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Trinet Group (STU:TN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Trinet Group Inc (STU:TN3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TNET:USA TN3:Germany

Address

One Park Place, Suite 600, Dublin, CA, USA, 94568

Website

https://www.trinet.com

TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.

Trinet Group (STU:TN3) Headlines

No Headlines