Immobiliare Grande Distribuzione SiiQ SpA (LTS:0STP) LT-Debt-to-Total-Asset : 0.16 (As of Sep. 2024)

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What is Immobiliare Grande Distribuzione SiiQ 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. Immobiliare Grande Distribuzione SiiQ SpA's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.16.

Immobiliare Grande Distribuzione SiiQ SpA's long-term debt to total assets ratio declined from Sep. 2023 (0.41) to Sep. 2024 (0.16). It may suggest that Immobiliare Grande Distribuzione SiiQ SpA is progressively becoming less dependent on debt to grow their business.

Immobiliare Grande Distribuzione SiiQ SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Immobiliare Grande Distribuzione SiiQ 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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Immobiliare Grande Distribuzione SiiQ SpA LT-Debt-to-Total-Asset Chart

Immobiliare Grande Distribuzione SiiQ SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.47

0.46

0.40

0.41

0.46

Immobiliare Grande Distribuzione SiiQ 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															0.41	0.46	0.19	0.16	0.16

Immobiliare Grande Distribuzione SiiQ SpA LT-Debt-to-Total-Asset Calculation

Immobiliare Grande Distribuzione SiiQ 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 )
	=	937.297	/	2060.742
	=	0.45

Immobiliare Grande Distribuzione SiiQ SpA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	291.215	/	1862.468
	=	0.16

Immobiliare Grande Distribuzione SiiQ SpA (LTS:0STP) 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.

Immobiliare Grande Distribuzione SiiQ SpA LT-Debt-to-Total-Asset Related Terms

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Immobiliare Grande Distribuzione SiiQ SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Immobiliare Grande Distribuzione SiiQ SpA (LTS:0STP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

IGD:Italy IF81:Germany

Address

Via Trattati Comunitari, Europei 1957-2007, 13, Bologna, ITA, 40127

Website

https://www.gruppoigd.it

Immobiliare Grande Distribuzione SiiQ SpA is a real estate company that manages and develops shopping centers in Italy. It operates in three main business segments which include core business properties, services, and trading. It generates a majority of its revenue from the core business properties segment. The company provides various services related to the real estate sector, including the promotion of newly opened, expanded, or restructured centers, rotation of existing retailers, and facility management services, such as security, cleaning, and ordinary maintenance.

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