Palingeo SpA (MIL:PAL) Debt-to-Asset : 0.23 (As of Jun. 2023)

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What is Palingeo SpA Debt-to-Asset?

Palingeo SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €10.22 Mil. Palingeo SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €4.11 Mil. Palingeo SpA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was €61.30 Mil. Palingeo SpA's debt to asset for the quarter that ended in Jun. 2023 was 0.23.

Palingeo SpA Debt-to-Asset Historical Data

The historical data trend for Palingeo SpA'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.

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Palingeo SpA Debt-to-Asset Chart

Palingeo SpA Annual Data

Trend

Dec21

Dec22

Debt-to-Asset

0.24

0.19

Palingeo SpA Quarterly Data
	Dec21	Dec22	Jun23
Debt-to-Asset	0.24	0.19	0.23

Competitive Comparison of Palingeo SpA's Debt-to-Asset

For the Engineering & Construction subindustry, Palingeo SpA'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.

Palingeo SpA's Debt-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Palingeo SpA's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Palingeo SpA's Debt-to-Asset falls into.

Palingeo SpA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Palingeo SpA's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(6.408	+	4.298)	/	57.724
	=	0.19

Palingeo SpA's Debt-to-Asset for the quarter that ended in Jun. 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
	=	(10.221	+	4.112)	/	61.3
	=	0.23

Palingeo SpA (MIL:PAL) 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.

Palingeo SpA Debt-to-Asset Related Terms

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Palingeo SpA (MIL:PAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Palingeo SpA (MIL:PAL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Palingeo SpA is an engineering and construction company. Its projects includes construction or modernization of railway lines, motorway networks, bridges, tunnels, roads, schools, hospitals, hydraulic system projects, wind farms or solar plants, collection and regulation of water/hydroelectric plants, etc.

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