Vittia (BSP:VITT3) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Vittia LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Vittia's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Vittia's long-term debt to total assets ratio declined from Dec. 2022 (0.09) to Dec. 2023 (0.03). It may suggest that Vittia is progressively becoming less dependent on debt to grow their business.

Vittia LT-Debt-to-Total-Asset Historical Data

The historical data trend for Vittia's LT-Debt-to-Total-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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Vittia LT-Debt-to-Total-Asset Chart

Vittia Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.11

0.06

0.09

0.03

Vittia Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.09	0.11	0.11	0.09	0.03

Vittia LT-Debt-to-Total-Asset Calculation

Vittia's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	27.391	/	925.757
	=	0.03

Vittia's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	27.391	/	925.757
	=	0.03

Vittia (BSP:VITT3) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Vittia LT-Debt-to-Total-Asset Related Terms

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Vittia (BSP:VITT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Vittia SA (BSP:VITT3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue Marginal Left, 2,000 Via Anhanguera Km 383, Sao Joaquim da Barra, SP, BRA, 14,600-000

Website

https://www.vittia.com.br

Vittia SA is a Brazilian biotech company (biopesticides and inoculants) that offers special plant nutrition with solutions for several agricultural crops. It engages in the production of high-tech inputs for agriculture and has several products in the Inoculants, Adjuvants, Acaricides, Soil Conditioners, Biological Pesticides (Macro and microorganisms), Foliar Fertilizer lines, Organomineral Fertilizers, Granulated Micronutrients for Soil and Salts for Agriculture and Livestock.

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