ErreDue SpA (MIL:RDUE) Debt-to-Asset : 0.07 (As of Dec. 2023)

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What is ErreDue SpA Debt-to-Asset?

ErreDue SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.55 Mil. ErreDue SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2.19 Mil. ErreDue SpA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was €40.71 Mil. ErreDue SpA's debt to asset for the quarter that ended in Dec. 2023 was 0.07.

ErreDue SpA Debt-to-Asset Historical Data

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

ErreDue SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.18

0.23

0.16

0.05

0.07

ErreDue SpA Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial			0.16	0.10	0.05	0.09	0.07

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

For the Specialty Industrial Machinery subindustry, ErreDue 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.

ErreDue SpA's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ErreDue SpA's Debt-to-Asset distribution charts can be found below:

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

ErreDue SpA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ErreDue 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
	=	(0.547	+	2.186)	/	40.713
	=	0.07

ErreDue 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
	=	(0.547	+	2.186)	/	40.713
	=	0.07

ErreDue SpA (MIL:RDUE) 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.

ErreDue SpA Debt-to-Asset Related Terms

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ErreDue SpA (MIL:RDUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ErreDue SpA (MIL:RDUE) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via G. Gozzano, 3, Livorno, ITA, 57121

Website

https://www.erreduegas.it

ErreDue SpA designs manufacture and markets solutions for the on-site production, blending, and purification of technical gases (hydrogen produced by electrolysis of water, nitrogen, and oxygen) intended for use in small, medium, and large industrial sites, laboratories, medical applications, applications related to the energy transition. Its range of products comprises High purity Hydrogen generators, High purity Nitrogen generators, Oxygen generators, and Purification systems for Nitrogen, Hydrogen, Oxygen, and complex gas mixtures.

ErreDue SpA (MIL:RDUE) Headlines

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