Technogym SpA (MIL:TGYM) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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

Technogym SpA's long-term debt to total assets ratio increased from Dec. 2022 (0.04) to Dec. 2023 (0.04). It may suggest that Technogym SpA is progressively becoming more dependent on debt to grow their business.

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

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

Technogym SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.12

0.04

Technogym SpA Semi-Annual Data
	Dec13	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															0.04	0.08	0.04	0.04	0.04

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

Technogym SpA'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 )
	=	34.214	/	818.309
	=	0.04

Technogym SpA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	34.214	/	818.309
	=	0.04

Technogym SpA (MIL:TGYM) 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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Technogym SpA (MIL:TGYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Technogym SpA (MIL:TGYM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TCCHF:USA 0RG1:UK TN2:Germany

Address

Via Calcinaro, 2861, Cesena, ITA, 47521

Website

https://www.technogym.com

Technogym SpA is a fitness equipment manufacturer. The company offers integrated solutions for personal wellness consisting of equipment, services, and digital solutions that can be personalized and adapted to specific needs of end users and professional operators. The company offers a range of wellness, physical exercise and rehabilitation solutions to the major segments of the fitness equipment market and to the overall wellness industry. Its geographical segments are Europe (except Italy), APAC, North America, MEIA, Italy, and LATAM.

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