Compagnia Dei Caraibi SpA (MIL:TIME) LT-Debt-to-Total-Asset : 0.23 (As of Jun. 2023)

View and export this data going back to 2021. Start your Free Trial

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

Compagnia Dei Caraibi SpA's long-term debt to total assets ratio increased from Jun. 2022 (0.16) to Jun. 2023 (0.23). It may suggest that Compagnia Dei Caraibi SpA is progressively becoming more dependent on debt to grow their business.

Compagnia Dei Caraibi SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Compagnia Dei Caraibi 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.

* Premium members only.

Compagnia Dei Caraibi SpA LT-Debt-to-Total-Asset Chart

Compagnia Dei Caraibi SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.37

0.17

0.18

Compagnia Dei Caraibi SpA Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.17	0.16	0.18	0.23

Compagnia Dei Caraibi SpA LT-Debt-to-Total-Asset Calculation

Compagnia Dei Caraibi 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 )
	=	6.719	/	37.611
	=	0.18

Compagnia Dei Caraibi 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 )
	=	11.56	/	49.949
	=	0.23

Compagnia Dei Caraibi SpA (MIL:TIME) 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.

Compagnia Dei Caraibi SpA LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Compagnia Dei Caraibi SpA's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Compagnia Dei Caraibi SpA (MIL:TIME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Compagnia Dei Caraibi SpA (MIL:TIME) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Ribes, 3, Colleretto Giacosa, ITA, 10100

Website

https://www.compagniadeicaraibi.com

Compagnia Dei Caraibi SpA is engaged in the import, development, brand building and distribution of premium spirits, wines and soft drinks premium and ultra premium from all over the world.

Compagnia Dei Caraibi SpA (MIL:TIME) Headlines

From GuruFocus

Time to Cut 4% of Its Workforce in Restructuring

By Sydnee Gatewood Sydnee Gatewood • 06-14-2017

Should You Buy The TIME Inc. Spin-Off?

By Ryan Vanzo R. Vanzo • 05-05-2015

John Keeley's Top Buys

By Amber Harris Amber Harris • 02-13-2015

This Stock Has the Secret Qualities Gurus Look For, But Should You Buy It?

By Magic Diligence Magic Diligence • 06-14-2014

David Einhorn's Three Favorite High Yield Dividend Stocks

By Ben Reynolds Ben Reynolds • 06-25-2015

Michael Price's Top Picks of 1st Quarter

By Yamil Berard Yamil Berard • 05-15-2018