ERG SpA (MIL:ERG) Debt-to-Asset : 0.44 (As of Jun. 2024)

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What is ERG SpA Debt-to-Asset?

ERG SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €662.0 Mil. ERG SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €1,857.6 Mil. ERG SpA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was €5,755.0 Mil. ERG SpA's debt to asset for the quarter that ended in Jun. 2024 was 0.44.

ERG SpA Debt-to-Asset Historical Data

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

ERG SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.48

0.49

0.59

0.44

0.45

ERG SpA Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Asset	Get a 7-Day Free Trial															0.45	0.04	0.45	-	0.44

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

For the Utilities - Renewable subindustry, ERG 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.

ERG SpA's Debt-to-Asset Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, ERG SpA's Debt-to-Asset distribution charts can be found below:

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

ERG SpA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ERG 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
	=	(170.332	+	2170.973)	/	5199.295
	=	0.45

ERG SpA's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(662.026	+	1857.597)	/	5755.008
	=	0.44

ERG SpA (MIL:ERG) 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.

ERG SpA Debt-to-Asset Related Terms

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ERG SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ERG SpA (MIL:ERG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ERGm:UK 0MHC:UK ER9:Germany

Address

Via De Marini, 1, Torre WTC, Genoa, ITA, 16149

Website

https://www.erg.eu

ERG SpA produces electricity from clean, renewable, and sustainable sources. Its energy comes from the combination of natural resources such as wind and sun. The company produces wind power, and electricity as a hydroelectric operator to markets across Europe. Electricity is also generated from natural gas operations located in Italy. ERG's wind power production is handled by subsidiary ENG Renew which focuses on developing, building, and operating wind assets. Hydropower and natural gas operations are split off into ERG Power Generation. The company's hydro assets include plants, dams, reservoirs, and a pumping station. Electricity from the plant is either fed into Italy's national grid or used to power other industrial plants.

ERG SpA Headlines

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