Comer Industries SpA (FRA:X5Q) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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What is Comer Industries SpA 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. Comer Industries SpA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Comer Industries SpA's long-term debt to total assets ratio declined from Dec. 2022 (0.15) to Dec. 2023 (0.05). It may suggest that Comer Industries SpA is progressively becoming less dependent on debt to grow their business.

Comer Industries SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Comer Industries SpA'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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Comer Industries SpA LT-Debt-to-Total-Asset Chart

Comer Industries SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.15

0.05

Comer Industries SpA Semi-Annual Data
	Dec15	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											0.15	0.15	0.15	0.16	0.05

Comer Industries SpA LT-Debt-to-Total-Asset Calculation

Comer Industries SpA'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 )
	=	64.557	/	1195.01
	=	0.05

Comer Industries SpA'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 )
	=	64.557	/	1195.01
	=	0.05

Comer Industries SpA (FRA:X5Q) 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.

Comer Industries SpA LT-Debt-to-Total-Asset Related Terms

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Comer Industries SpA (FRA:X5Q) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Comer Industries SpA (FRA:X5Q) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

COM:Italy

Address

Via Magellano, 27, Reggiolo, ITA, 42046

Website

https://www.comerindustries.com

Comer Industries SpA is engaged in the design and production of advanced engineering systems and mechatronic solutions for power transmission. It operates in the sectors of agricultural machinery, construction equipment and forestry, energy and industry. The products offered by the group include Gearboxes, Driveshafts, Powertrain, Planetary drives and Wheel drives.

Comer Industries SpA (FRA:X5Q) Headlines

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