Sicily By Car SpA (FRA:5LC) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Sicily By Car 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. Sicily By Car SpA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.12.

Sicily By Car SpA's long-term debt to total assets ratio declined from Dec. 2022 (0.20) to Dec. 2023 (0.12). It may suggest that Sicily By Car SpA is progressively becoming less dependent on debt to grow their business.

Sicily By Car SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sicily By Car 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.

* Premium members only.

Sicily By Car SpA LT-Debt-to-Total-Asset Chart

Sicily By Car SpA Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.20

0.12

Sicily By Car SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	-	-	0.20	-	0.12

Sicily By Car SpA LT-Debt-to-Total-Asset Calculation

Sicily By Car 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 )
	=	31.982	/	277.551
	=	0.12

Sicily By Car SpA'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 )
	=	31.982	/	277.551
	=	0.12

Sicily By Car SpA (FRA:5LC) 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.

Sicily By Car SpA LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Sicily By Car SpA's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Sicily By Car SpA (FRA:5LC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sicily By Car SpA (FRA:5LC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SBC:Italy

Address

Via Galileo Galilei, 10H, Bolzano, ITA, 39100

Website

https://www.sicilybycar.it

Sicily By Car SpA operates in the Italian short-term rental market with 55 rental offices directly located at the main Italian airports and cities. The company allows to choose among: Private hire (cheap, compact, medium, standard, convertible, estate and 9-seater cars), Commercial vehicles, Electric car rentals, Boat rental.

Sicily By Car SpA (FRA:5LC) Headlines

No Headlines