Teixeira Duarte (FRA:TXC2) LT-Debt-to-Total-Asset : 0.34 (As of Dec. 2023)

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What is Teixeira Duarte 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. Teixeira Duarte's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.34.

Teixeira Duarte's long-term debt to total assets ratio increased from Dec. 2022 (0.33) to Dec. 2023 (0.34). It may suggest that Teixeira Duarte is progressively becoming more dependent on debt to grow their business.

Teixeira Duarte LT-Debt-to-Total-Asset Historical Data

The historical data trend for Teixeira Duarte'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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Teixeira Duarte LT-Debt-to-Total-Asset Chart

Teixeira Duarte Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.39

0.45

0.39

0.33

0.34

Teixeira Duarte Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.39	0.36	0.33	0.35	0.34

Teixeira Duarte LT-Debt-to-Total-Asset Calculation

Teixeira Duarte'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 )
	=	522.685	/	1518.641
	=	0.34

Teixeira Duarte'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 )
	=	522.685	/	1518.641
	=	0.34

Teixeira Duarte (FRA:TXC2) 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.

Teixeira Duarte LT-Debt-to-Total-Asset Related Terms

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Teixeira Duarte (FRA:TXC2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Teixeira Duarte SA (FRA:TXC2) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TDSA:Portugal

Address

Lagoas Park, Edificio 2, Porto Salvo, Oeiras, PRT, 2740-265

Website

https://www.teixeiraduarte.pt

Teixeira Duarte SA is engaged in the business of the undertaking and management of investments, the coordination and supervision of other companies included in or related to its corporate group, operating in areas of strategic and organizational planning as well as the provision of administrative, and management, consulting, operational assistance in terms of human resources, technical and financial services in which the company has the stake. The firm has in construction, concessions and services, real estate, hospitality, distribution and automotive business sectors. The company operates in Portugal, Angola, Algeria, Brazil, Spain, France, Morocco, Mozambique, and Venezuela.

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