Prysmian SpA (CHIX:PRYM) LT-Debt-to-Total-Asset : 0.28 (As of Sep. 2024)

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What is Prysmian 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. Prysmian SpA's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.28.

Prysmian SpA's long-term debt to total assets ratio increased from Sep. 2023 (0.21) to Sep. 2024 (0.28). It may suggest that Prysmian SpA is progressively becoming more dependent on debt to grow their business.

Prysmian SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Prysmian 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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Prysmian SpA LT-Debt-to-Total-Asset Chart

Prysmian SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.29

0.31

0.22

0.19

Prysmian SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.19	0.18	0.16	0.28

Prysmian SpA LT-Debt-to-Total-Asset Calculation

Prysmian 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 )
	=	2488	/	13323
	=	0.19

Prysmian SpA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	4733	/	17133
	=	0.28

Prysmian SpA (CHIX:PRYm) 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.

Prysmian SpA LT-Debt-to-Total-Asset Related Terms

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Prysmian SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Prysmian SpA (CHIX:PRYm) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PRYMY:USA PRYMF:USA PRY:Italy 0NUX:UK AEU0:Germany AEU0:Germany AEU:Germany AEU:Germany PRY:Austria

Address

Via Chiese 6, MIlan, ITA, 20126

Website

https://www.prysmiangroup.com

Prysmian SpA is an Italian manufacturer of electric power transmission and telecommunications cables and systems. Its business is organized in three segments--Projects, which focuses on the execution of underground and submarine cable projects; Energy Products, which provides power distribution, and industrial and network components; and Telecom, which makes cable systems and connectivity products. More than half of the firm's revenue is generated in the Europe, Middle East, and Africa regions, with the rest coming from North America, Latin America, and Asia-Pacific regions.

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