Piovan SpA (CHIX:PVNM) LT-Debt-to-Total-Asset : 0.17 (As of Sep. 2024)

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What is Piovan 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. Piovan SpA's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.17.

Piovan SpA's long-term debt to total assets ratio declined from Sep. 2023 (0.21) to Sep. 2024 (0.17). It may suggest that Piovan SpA is progressively becoming less dependent on debt to grow their business.

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

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

Piovan SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.18

0.13

0.27

0.19

Piovan 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	0.17	0.18	0.17

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

Piovan 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 )
	=	94.121	/	504.745
	=	0.19

Piovan 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 )
	=	84.96	/	498.805
	=	0.17

Piovan SpA (CHIX:PVNm) 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.

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

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Piovan SpA Business Description

Industry

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

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PVN:Italy

Address

Via delle Industrie, 16, Santa Maria di Sala, Venice, ITA, 30036

Website

https://www.piovan.com

Piovan SpA is an Italy-based company engaged in supplying ancillary equipment, engineered solutions, and services to the plastics industry. The company provides various products for feeding and conveying, drying and dehumidifying, granulation, temperature control, and process water cooling. It also offers services including installation and start-up of the system and related spare parts. The company's business segments are; Technical Polymers which generates the majority of its revenue, Food & Industrial Applications, and Services. Geographically, the company derives maximum revenue from North America and the rest from Asia, EMEA, and South America.

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