Porto Aviation Group SpA (MIL:PAG) Debt-to-Asset : 0.18 (As of Dec. 2023)

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What is Porto Aviation Group SpA Debt-to-Asset?

Porto Aviation Group SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.05 Mil. Porto Aviation Group SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.99 Mil. Porto Aviation Group SpA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was €5.66 Mil. Porto Aviation Group SpA's debt to asset for the quarter that ended in Dec. 2023 was 0.18.

Porto Aviation Group SpA Debt-to-Asset Historical Data

The historical data trend for Porto Aviation Group 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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Porto Aviation Group SpA Debt-to-Asset Chart

Porto Aviation Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Asset

0.06

0.11

0.18

Porto Aviation Group SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Debt-to-Asset	0.06	0.11	0.18

Competitive Comparison of Porto Aviation Group SpA's Debt-to-Asset

For the Aerospace & Defense subindustry, Porto Aviation Group 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.

Porto Aviation Group SpA's Debt-to-Asset Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Porto Aviation Group SpA's Debt-to-Asset distribution charts can be found below:

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

Porto Aviation Group SpA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Porto Aviation Group 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
	=	(0.045	+	0.987)	/	5.664
	=	0.18

Porto Aviation Group 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
	=	(0.045	+	0.987)	/	5.664
	=	0.18

Porto Aviation Group SpA (MIL:PAG) 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.

Porto Aviation Group SpA Debt-to-Asset Related Terms

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Porto Aviation Group SpA (MIL:PAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Porto Aviation Group SpA (MIL:PAG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

M2N:Germany

Address

Via Confalonieri 22, Cremella, Lecco, ITA, 23894

Website

https://www.portoaviationgroup.com

Porto Aviation Group SpA designs, constructs, and markets single-engine aircraft. The group develops an activity of manufacturing aeronautical components, particularly propellers, propeller systems, control systems, wheels, braking systems, hydraulic components, fuel systems, aluminum alloy sections, and tubes.