Novamarine SpA (MIL:NOVA) Debt-to-Asset : 0.30 (As of Dec. 2023)

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What is Novamarine SpA Debt-to-Asset?

Novamarine SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €4.14 Mil. Novamarine SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €7.75 Mil. Novamarine SpA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was €39.54 Mil. Novamarine SpA's debt to asset for the quarter that ended in Dec. 2023 was 0.30.

Novamarine SpA Debt-to-Asset Historical Data

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

Novamarine SpA Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

0.37

0.33

0.30

Novamarine SpA Semi-Annual Data
	Dec21	Dec22	Dec23	Dec24
Debt-to-Asset	0.37	0.33	0.30	-

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

For the Recreational Vehicles subindustry, Novamarine 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.

Novamarine SpA's Debt-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Novamarine SpA's Debt-to-Asset distribution charts can be found below:

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

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Novamarine SpA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Novamarine 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
	=	(4.143	+	7.749)	/	39.539
	=	0.30

Novamarine SpA's Debt-to-Asset for the quarter 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
	=	(4.143	+	7.749)	/	39.539
	=	0.30

Novamarine SpA (MIL:NOVA) 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.

Novamarine SpA Debt-to-Asset Related Terms

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Novamarine SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Novamarine SpA (MIL:NOVA) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Rocco de Salvo, Olbia, ITA, 07026

Website

https://www.novamarine.com

Novamarine SpA is a company active in the design, production and marketing of high-performance pleasure boats in the pleasure and professional segments.