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Taiga Building Products (TSX:TBL) Debt-to-Asset : 0.15 (As of Mar. 2024)


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What is Taiga Building Products Debt-to-Asset?

Taiga Building Products's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$6 Mil. Taiga Building Products's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$89 Mil. Taiga Building Products's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$643 Mil. Taiga Building Products's debt to asset for the quarter that ended in Mar. 2024 was 0.15.


Taiga Building Products Debt-to-Asset Historical Data

The historical data trend for Taiga Building Products's Debt-to-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.

Taiga Building Products Debt-to-Asset Chart

Taiga Building Products Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.26 0.21 0.16 0.15

Taiga Building Products Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.15 0.14 0.15 0.15

Competitive Comparison of Taiga Building Products's Debt-to-Asset

For the Building Materials subindustry, Taiga Building Products'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.


Taiga Building Products's Debt-to-Asset Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Taiga Building Products's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Taiga Building Products's Debt-to-Asset falls into.



Taiga Building Products Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Taiga Building Products's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(5.527 + 89.848) / 624.29
=0.15

Taiga Building Products's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(5.67 + 89.387) / 643.284
=0.15

* 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.


Taiga Building Products  (TSX:TBL) 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.


Taiga Building Products Debt-to-Asset Related Terms

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


Taiga Building Products (TSX:TBL) Business Description

Traded in Other Exchanges
Address
4710 Kingsway, Suite 800, Burnaby, BC, CAN, V5H 4M2
Taiga Building Products Ltd is a Canadian-based company. It is engaged in the production and wholesale distribution of building products. Its products range includes composite decking, engineered wood, flooring, insulation, lumber, modulings, panels, polyethylene, preserved wood, roofing, and siding. It also offers distribution logistics and treating plants services. Taiga is a global exporter with the majority of the revenue generated from Canada followed by the United States.

Taiga Building Products (TSX:TBL) Headlines

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