Centrale del Latte d'Italia SpA (CHIX:CLIM) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Centrale del Latte d'Italia SpA 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. Centrale del Latte d'Italia SpA's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Centrale del Latte d'Italia SpA's long-term debt to total assets ratio increased from Mar. 2023 (0.03) to Mar. 2024 (0.04). It may suggest that Centrale del Latte d'Italia SpA is progressively becoming more dependent on debt to grow their business.

Centrale del Latte d'Italia SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Centrale del Latte d'Italia SpA'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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Centrale del Latte d'Italia SpA LT-Debt-to-Total-Asset Chart

Centrale del Latte d'Italia SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.03

0.05

Centrale del Latte d'Italia SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.02	0.03	0.05	0.04

Centrale del Latte d'Italia SpA LT-Debt-to-Total-Asset Calculation

Centrale del Latte d'Italia SpA'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 )
	=	11.458	/	251.461
	=	0.05

Centrale del Latte d'Italia SpA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	10.657	/	242.281
	=	0.04

Centrale del Latte d'Italia SpA (CHIX:CLIm) 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.

Centrale del Latte d'Italia SpA LT-Debt-to-Total-Asset Related Terms

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Centrale del Latte d'Italia SpA (CHIX:CLIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Centrale del Latte d'Italia SpA (CHIX:CLIm) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CLI:Italy

Address

Via Filadelfia, 220, Turin, ITA, 10137

Website

https://www.centralelatte.torino.it

Centrale del Latte d'Italia SpA is engaged in processing, transforming, and selling milk and dairy products, fresh vegetables, and packaged products. The business company operates in segments that include Fresh Milk, Extended Shelf Life Milk, UHT Milk, Yogurt, Fourth range products, Bulk Milk and Cream, Non-dairy products, and Other Packaged Products. The Fresh Milk segment generates maximum revenue for the company.

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