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Zignago Vetro SpA (FRA:ZVB) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)


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What is Zignago Vetro 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. Zignago Vetro SpA's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

Zignago Vetro SpA's long-term debt to total assets ratio declined from Mar. 2023 (0.28) to Mar. 2024 (0.18). It may suggest that Zignago Vetro SpA is progressively becoming less dependent on debt to grow their business.


Zignago Vetro SpA LT-Debt-to-Total-Asset Historical Data

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

Zignago Vetro SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 0.26 0.29 0.28 0.20

Zignago Vetro SpA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.28 0.26 0.24 0.20 0.18

Zignago Vetro SpA LT-Debt-to-Total-Asset Calculation

Zignago Vetro 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 )
=158.382/809.2
=0.20

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

LT Debt to Total Assets (Q: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )/Total Assets (Q: Mar. 2024 )
=141.937/797.825
=0.18

* 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.


Zignago Vetro SpA  (FRA:ZVB) 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.


Zignago Vetro SpA LT-Debt-to-Total-Asset Related Terms

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Zignago Vetro SpA (FRA:ZVB) Business Description

Traded in Other Exchanges
Address
Via Ita Marzotto 8, Fossalta di Portogruaro, Venice, ITA, 30025
Zignago Vetro SpA operates in the glass production sector. It manufactures hollow glass containers for Food and Beverages and Cosmetics and Perfumery sectors. The business of the group is carried in various geographical locations such as Italy, European Union, North America and other areas. The business activities of the group are divided into Zignago Vetro SpA: carries the production activity of containers for both sectors, Zignago Vetro Brosse SAS: looks into the production of glass containers for perfumes; Zignago Vetro Polska SA: which undertakes the production of customized products for cosmetic and perfumery containers and also for food and beverage niche markets.

Zignago Vetro SpA (FRA:ZVB) Headlines

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