Credito Emiliano (MIL:CE) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Credito Emiliano 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. Credito Emiliano's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Credito Emiliano's long-term debt to total assets ratio increased from Mar. 2023 (0.05) to Mar. 2024 (0.07). It may suggest that Credito Emiliano is progressively becoming more dependent on debt to grow their business.

Credito Emiliano LT-Debt-to-Total-Asset Historical Data

The historical data trend for Credito Emiliano'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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Credito Emiliano LT-Debt-to-Total-Asset Chart

Credito Emiliano Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.05

0.07

0.08

Credito Emiliano Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.07	0.07	0.08	0.07

Credito Emiliano LT-Debt-to-Total-Asset Calculation

Credito Emiliano's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	5304.381	/	68017.644
	=	0.08

Credito Emiliano's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	4541.931	/	65740.908
	=	0.07

Credito Emiliano (MIL:CE) 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.

Credito Emiliano LT-Debt-to-Total-Asset Related Terms

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Credito Emiliano (MIL:CE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credito Emiliano (MIL:CE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CDEFF:USA 0K93:UK EAO:Germany

Address

Via Emilia San Pietro No. 4, Reggio Emilia, ITA, 42100

Website

http://www.credem.it

Credito Emiliano is a banking group that consists of several financial services companies. The group operates in multiple regions throughout Italy, particularly in the north and central portions of the country. Its activities principally include commercial banking, including retail services and small and medium enterprise banking, asset management, bancassurance as well as Trading services, and treasury. The group's distribution network targeting retail and corporate banking customers includes branches, business centers, and financial outlets. Its wealth management activities include mutual fund management, portfolio management, as well as private equity and hedge fund offerings. The bank's funding sources derive from direct bank deposits, insurance reserves, and assets under management.