Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2023)

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What is Danieli & C. Officine Meccaniche 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. Danieli & C. Officine Meccaniche SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.04.

Danieli & C. Officine Meccaniche SpA's long-term debt to total assets ratio increased from Jun. 2022 (0.03) to Jun. 2023 (0.04). It may suggest that Danieli & C. Officine Meccaniche SpA is progressively becoming more dependent on debt to grow their business.

Danieli & C. Officine Meccaniche SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Danieli & C. Officine Meccaniche 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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Danieli & C. Officine Meccaniche SpA LT-Debt-to-Total-Asset Chart

Danieli & C. Officine Meccaniche SpA Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.06

0.05

0.06

0.03

0.04

Danieli & C. Officine Meccaniche SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	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															0.05	0.03	0.02	0.04	-

Danieli & C. Officine Meccaniche SpA LT-Debt-to-Total-Asset Calculation

Danieli & C. Officine Meccaniche SpA's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	275.958	/	7086.605
	=	0.04

Danieli & C. Officine Meccaniche 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 )
	=	275.958	/	7086.605
	=	0.04

Danieli & C. Officine Meccaniche SpA (OTCPK:DNIYY) 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.

Danieli & C. Officine Meccaniche SpA LT-Debt-to-Total-Asset Related Terms

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Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Danieli & C. Officine Meccaniche SpA (OTCPK:DNIYY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

DANR:Italy DAN:Italy DANm:UK DAS:Germany

Address

Via Nazionale 41, Buttrio, Udine, ITA, 33042

Website

https://www.danieli.com

Danieli & C. Officine Meccaniche SpA is an Italy-based company that is engaged in manufacturing and distribution of steel and other nonferrous metal products as well as plant building. The company operates through two segments, namely steelmaking and plant making. The Steelmaking segment manufactures ingots, forged bars, blooms, rolled bars, bar in coils and others. End customers primarily come from the mechanical, automotive, oil & gas, power generation and other sectors. The Plant Making segment designs and builds mines, pellet production plants, furnaces, rolling mills and other various plants and facilities. The company has a global presence, with Europe, Middle East and Far East being the three largest markets for the company.

Danieli & C. Officine Meccaniche SpA (Danieli & C. Officine Meccaniche SpA) Headlines

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