CIR SpA (FRA:BN7) LT-Debt-to-Total-Asset : 0.27 (As of Dec. 2024)

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What is CIR 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. CIR SpA's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.27.

CIR SpA's long-term debt to total assets ratio declined from Dec. 2023 (0.38) to Dec. 2024 (0.27). It may suggest that CIR SpA is progressively becoming less dependent on debt to grow their business.

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

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

CIR SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.41

0.42

0.41

0.38

0.27

CIR SpA Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.41	0.41	0.38	0.27	0.27

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

CIR 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 )
	=	756.242	/	2760.085
	=	0.27

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

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	756.242	/	2760.085
	=	0.27

CIR SpA (FRA:BN7) 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.

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

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CIR SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CIR SpA (FRA:BN7) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CIR:Italy CIRm:UK 0ONR:UK

Address

Via Durini 9, Milan, ITA, 20122

Website

https://www.cirgroup.it

CIR SpA is a holding company engaged in the Automotive Components and Healthcare Sectors. It operates through two subsidiaries namely, the KOS group and the Sogefi group. Sogefi Group is engaged in providing automobile components that generate maximum revenue for the company. Its geographical operations are spread across Italy, Other European countries, North America, South America, and Asia. The company operates through four distinct segments which are Care Homes, which encompasses operations in Italy under the Anni Azzurri brand and in Germany under the Charleston brand; Rehabilitation, Psychiatric Care, and Non-Residential Care; and the Acute Care segment. It generates majority of the revenue from Care Homes segment.

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