Italgas SpA (MIL:IG) Debt-to-Asset : 0.62 (As of Dec. 2023)

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What is Italgas SpA Debt-to-Asset?

Italgas SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,033 Mil. Italgas SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €5,887 Mil. Italgas SpA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was €11,140 Mil. Italgas SpA's debt to asset for the quarter that ended in Dec. 2023 was 0.62.

Italgas SpA Debt-to-Asset Historical Data

The historical data trend for Italgas 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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Italgas SpA Debt-to-Asset Chart

Italgas SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.58

0.59

0.63

0.59

0.62

Italgas SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial										0.63	0.64	0.59	0.64	0.62

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

For the Utilities - Regulated Gas subindustry, Italgas 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.

Italgas SpA's Debt-to-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Italgas SpA's Debt-to-Asset distribution charts can be found below:

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

Italgas SpA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Italgas SpA's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(1033.434	+	5886.922)	/	11139.648
	=	0.62

Italgas SpA's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(1033.434	+	5886.922)	/	11139.648
	=	0.62

Italgas SpA (MIL:IG) 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.

Italgas SpA Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Italgas SpA's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Italgas SpA (MIL:IG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Italgas SpA (MIL:IG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ITGGF:USA IGm:UK 0RK1:UK I10:Germany

Address

Via Carlo Bo 11, Milano, ITA, 20143

Website

https://www.italgas.it

Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of the revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.

Italgas SpA (MIL:IG) Headlines

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