Pininfarina Spa (MIL:PINF) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2023)

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What is Pininfarina 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. Pininfarina Spa's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.03.

Pininfarina Spa's long-term debt to total assets ratio declined from Sep. 2022 (0.20) to Sep. 2023 (0.03). It may suggest that Pininfarina Spa is progressively becoming less dependent on debt to grow their business.

Pininfarina Spa LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pininfarina 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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Pininfarina Spa LT-Debt-to-Total-Asset Chart

Pininfarina Spa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.02

0.03

Pininfarina Spa Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.03	0.03

Pininfarina Spa LT-Debt-to-Total-Asset Calculation

Pininfarina 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 )
	=	1.63	/	85.642
	=	0.02

Pininfarina Spa's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	2.65	/	90.311
	=	0.03

Pininfarina Spa (MIL:PINF) 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.

Pininfarina Spa LT-Debt-to-Total-Asset Related Terms

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Pininfarina Spa (MIL:PINF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pininfarina Spa (MIL:PINF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

PNF:Germany

Address

Via Nazionale 30, Cambiano, Turin, ITA, 10020

Website

http://www.pininfarina.com

Pininfarina Spa is an Italian company engaged in the production, development, designing, engineering, and manufacturing of vehicles in Italy, Germany, and China. It offers various services including automotive design, transportation design, architecture, and interior design in the fields of residential, hospitality, sport and commercial structures, industrial design, engineering, wind tunnel, sustainable mobility, and exclusive vehicles - restorations. The company has two reportable segments design and engineering, majority of revenue is generated from the Design segment. The company's geographical segment consists of Italy, Germany, China, USA. The majority of revenue is generated from non-EU countries.

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