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Espe SpA (MIL:ESPE) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2023)


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

Espe SpA's long-term debt to total assets ratio increased from . 20 (0.00) to Jun. 2023 (0.04). It may suggest that Espe SpA is progressively becoming more dependent on debt to grow their business.

Espe SpA LT-Debt-to-Total-Asset Historical Data

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

Espe SpA Annual Data
Trend Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.03 0.03 0.03

Espe SpA Quarterly Data
Dec21 Jun22 Dec22 Jun23 Dec23
LT-Debt-to-Total-Asset 0.03 - 0.03 0.04 0.03

Espe SpA LT-Debt-to-Total-Asset Calculation

Espe 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 )
=1.071/41.904
=0.03

Espe 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 )
=1.37/38.63
=

* 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.

Espe SpA  (MIL:ESPE) 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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Espe SpA (MIL:ESPE) Business Description

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Espe SpA is a company which is producers of cutting edge solutions. They are born as installers of industrial electrical systems, over the years they have accumulated a rich wealth of experience, expanding its activities in the field of installation of photovoltaic systems and in the direct production of innovative technologies in the small wind, hydroelectric and biomass sectors.

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