Mare Engineering Group SpA (FRA:EZ3) LT-Debt-to-Total-Asset : 0.17 (As of Jun. 2024)

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What is Mare Engineering Group 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. Mare Engineering Group SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.17.

Mare Engineering Group SpA's long-term debt to total assets ratio declined from Jun. 2023 (0.27) to Jun. 2024 (0.17). It may suggest that Mare Engineering Group SpA is progressively becoming less dependent on debt to grow their business.

Mare Engineering Group SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mare Engineering Group 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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Mare Engineering Group SpA LT-Debt-to-Total-Asset Chart

Mare Engineering Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.24

0.26

Mare Engineering Group SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.26	0.27	-	0.17

Mare Engineering Group SpA LT-Debt-to-Total-Asset Calculation

Mare Engineering Group 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 )
	=	0	/	0
	=

Mare Engineering Group SpA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	12.352	/	71.197
	=	0.17

Mare Engineering Group SpA (FRA:EZ3) 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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Mare Engineering Group SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mare Engineering Group SpA (FRA:EZ3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MARE:Italy

Address

Via ex Aeroporto, snc, c/o Il Sole Consortium, Lot XI, Pomigliano d'Arc, Naples, ITA, 80038

Website

https://www.maregroup.it

Mare Engineering Group SpA is an engineering consultancy company that has an objective to deliver engineering services to large companies.

Mare Engineering Group SpA Headlines

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