Biesse SpA (LTS:0DUK) LT-Debt-to-Total-Asset : 0.15 (As of Jun. 2024)

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What is Biesse 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. Biesse SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.15.

Biesse SpA's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.15). It may suggest that Biesse SpA is progressively becoming more dependent on debt to grow their business.

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

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

Biesse SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.10

0.02

0.03

Biesse SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.03	0.15	0.15	0.03

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

Biesse 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 )
	=	18.742	/	649.805
	=	0.03

Biesse 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 )
	=	109.193	/	733.317
	=	0.15

Biesse SpA (LTS:0DUK) 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.

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

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Biesse SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Biesse SpA (LTS:0DUK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BSS:Italy BI2:Germany

Address

Via della Meccanica, 16, Pesaro, ITA, 61122

Website

https://www.biesse.com

Biesse SpA operates in the market for machinery and systems for processing wood, glass, marble and stone. The group is organized into two operating segments being Machines and Systems in that it involves-production, distribution, installation, and after-sales service of wood, glass, stone, and advanced materials processing machines, grinders. Also it operates in Mechatronics which involves-production and distribution of industrial mechanical and electronic components. It generates maximum revenue from the Machines and Systems segment. Geographically, it derives a majority of revenue from Western Europe and also has a presence in Asia-Pacific; Eastern Europe; North America and the Rest of the World.

Biesse SpA Headlines

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