AA Tech SpA (MIL:AAT) LT-Debt-to-Total-Asset : 0.26 (As of Jun. 2024)

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What is AA Tech 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. AA Tech SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.26.

AA Tech SpA's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.26). It may suggest that AA Tech SpA is progressively becoming more dependent on debt to grow their business.

AA Tech SpA LT-Debt-to-Total-Asset Historical Data

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

AA Tech SpA Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.20

0.34

0.27

AA Tech SpA Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	0.20	0.34	-	0.27	0.26

AA Tech SpA LT-Debt-to-Total-Asset Calculation

AA Tech 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 )
	=	2.761	/	10.314
	=	0.27

AA Tech 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 )
	=	2.846	/	10.876
	=	0.26

AA Tech SpA (MIL:AAT) 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.

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AA Tech SpA Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Giovanni Lanza 57, Fondi, ITA, 04022

Website

https://www.aatech.it

AA Tech SpA is an innovative venture tech builder in the digital sector, with the constant aim of identifying new technologies in the aforementioned sectors in Italy. In particular, the Company, through a process of continuous innovation, intends to seek innovative solutions that create new opportunities for generating value, with the intention, after their creation and validation, of making these companies autonomous. One of its subsidiaries Previon a Fintech company that provides open banking services for compulsory and complementary pension funds.