Tessellis SpA (LTS:0LLP) LT-Debt-to-Total-Asset : 0.23 (As of Jun. 2023)

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What is Tessellis 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. Tessellis SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.23.

Tessellis SpA's long-term debt to total assets ratio declined from Jun. 2022 (0.59) to Jun. 2023 (0.23). It may suggest that Tessellis SpA is progressively becoming less dependent on debt to grow their business.

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

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

Tessellis SpA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.02

0.48

0.12

0.58

0.24

Tessellis SpA Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.56	0.58	0.59	0.24	0.23

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

Tessellis SpA's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	87.036	/	370.6
	=	0.23

Tessellis SpA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	77.066	/	340.019
	=	0.23

Tessellis SpA (LTS:0LLP) 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.

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

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Tessellis SpA (LTS:0LLP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Tessellis SpA (LTS:0LLP) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

TSL:Italy TIQ:Germany

Address

SS 195, Km 2,300, Sa Illetta, Cagliari, ITA, 09123

Website

https://www.tessellis.it

Tessellis SpA is a telecommunications operator in Italy. The company provides telecommunication services which include broadband and narrowband internet access, together with more specific and hi-tech products. It also offers voice services and portal and mobile telephone services. The operating segments of the business includes - Access (connectivity BTC and BTB), Media & Advertising and Corporate.

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