Palingeo SpA (MIL:PAL) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2023)

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What is Palingeo 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. Palingeo SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.07.

Palingeo SpA's long-term debt to total assets ratio increased from . 20 (0.00) to Jun. 2023 (0.07). It may suggest that Palingeo SpA is progressively becoming more dependent on debt to grow their business.

Palingeo SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Palingeo 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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Palingeo SpA LT-Debt-to-Total-Asset Chart

Palingeo SpA Annual Data

Trend

Dec21

Dec22

LT-Debt-to-Total-Asset

0.11

0.07

Palingeo SpA Quarterly Data
	Dec21	Dec22	Jun23
LT-Debt-to-Total-Asset	0.11	0.07	0.07

Palingeo SpA LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	4.298	/	57.724
	=	0.07

Palingeo SpA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	4.112	/	61.3
	=

Palingeo SpA (MIL:PAL) 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.

Palingeo SpA LT-Debt-to-Total-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 » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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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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