Reway Group SpA (MIL:RWY) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2023)

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What is Reway Group 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. Reway Group SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.05.

Reway Group SpA's long-term debt to total assets ratio declined from Jun. 2022 (0.06) to Jun. 2023 (0.05). It may suggest that Reway Group SpA is progressively becoming less dependent on debt to grow their business.

Reway Group SpA LT-Debt-to-Total-Asset Historical Data

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

Reway Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.10

0.09

Reway Group SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	0.10	0.06	0.09	0.05	-

Reway Group SpA LT-Debt-to-Total-Asset Calculation

Reway Group 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 )
	=	6.701	/	76.547
	=	0.09

Reway Group 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 )
	=	5.72	/	108.751
	=	0.05

Reway Group SpA (MIL:RWY) 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.

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Reway Group SpA (MIL:RWY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reway Group SpA (MIL:RWY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Canalescuro, Licciana Oak Plan Nardi, Massa and Carrara, ITA

Website

https://www.rewaygroup.com

Reway Group SpA is engaged in the preservation and restoration of the infrastructure. The company deal with the Hydrodemolition of concrete, Mechanical milling, Injections, Steel and aluminum coatings, Waterproofing, Special restoration mortars, Painting, Construction of drains, Construction of nailing, and Lighting coating.

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