Growens SpA (FRA:0MU) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Growens 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. Growens SpA's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Growens SpA's long-term debt to total assets ratio declined from Jun. 2023 (0.07) to Sep. 2024 (0.00). It may suggest that Growens SpA is progressively becoming less dependent on debt to grow their business.

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

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

Growens SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.11

0.10

0.09

0.04

0.03

Growens SpA Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.04	0.04	-	0.03

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

Growens SpA's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	1.914	/	59.583
	=	0.03

Growens 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 )
	=	0	/	0
	=

Growens SpA (FRA:0MU) 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.

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Growens SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Growens SpA (FRA:0MU) » Definitions » LT-Debt-to-Total-Asset

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GROW:Italy

Address

Via Pola 9, Milan, ITA, 20124

Website

https://www.growens.io

Growens SpA is a company has developed a software-as-a-service platform that provides Cloud services to its customers, with a specific emphasis on content design. Additionally, the company is involved in the development and sale of technologies for the mass sending of SMS messages for marketing and transactional purposes. The company has established connections with over 370 B2B operators. The company develops integrations and automation, targeting, and tracking tools. The business units of the company are Agile Telecom and Beefree.

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