Euro Group Laminations SpA (MIL:EGLA) Debt-to-Asset : 0.30 (As of Jun. 2023)

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What is Euro Group Laminations SpA Debt-to-Asset?

Euro Group Laminations SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €121.3 Mil. Euro Group Laminations SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €220.3 Mil. Euro Group Laminations SpA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was €1,145.1 Mil. Euro Group Laminations SpA's debt to asset for the quarter that ended in Jun. 2023 was 0.30.

Euro Group Laminations SpA Debt-to-Asset Historical Data

The historical data trend for Euro Group Laminations 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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Euro Group Laminations SpA Debt-to-Asset Chart

Euro Group Laminations SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

0.52

0.49

0.39

0.40

Euro Group Laminations SpA Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23
Debt-to-Asset	Get a 7-Day Free Trial			0.39	-	0.40	0.40	0.30

Competitive Comparison of Euro Group Laminations SpA's Debt-to-Asset

For the Specialty Industrial Machinery subindustry, Euro Group Laminations 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.

Euro Group Laminations SpA's Debt-to-Asset Distribution in the Industrial Products Industry

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

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

Euro Group Laminations SpA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Euro Group Laminations SpA's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(149.471	+	231.979)	/	961.744
	=	0.40

Euro Group Laminations SpA's Debt-to-Asset for the quarter that ended in Jun. 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
	=	(121.294	+	220.269)	/	1145.123
	=	0.30

Euro Group Laminations SpA (MIL:EGLA) 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.

Euro Group Laminations SpA Debt-to-Asset Related Terms

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Euro Group Laminations SpA (MIL:EGLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Euro Group Laminations SpA (MIL:EGLA) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

QK9:Germany QK9:Germany

Address

Via Stella Rosa, 48, Baranzate, Milan, ITA, 20021

Website

https://www.euro-group.it

Euro Group Laminations SpA develops and produces stators and rotors. The group is organized into two operating segments which are EV and Automotive which operate mainly in the electric automotive sector and in general in all applications related to the automotive sector. The Industrial segment produces components mainly for the home, logistics, energy, Pumps, HVAC, tools, and diversified industries. The company earns the majority of its revenue from the Industrial segment.