BasicNet SpA (MIL:BAN) LT-Debt-to-Total-Asset : 0.17 (As of Jun. 2024)

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What is BasicNet 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. BasicNet SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.17.

BasicNet SpA's long-term debt to total assets ratio declined from Jun. 2023 (0.17) to Jun. 2024 (0.17). It may suggest that BasicNet SpA is progressively becoming less dependent on debt to grow their business.

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

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

BasicNet SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.21

0.18

0.17

BasicNet SpA Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.18	0.17	0.17	0.17

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

BasicNet 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 )
	=	75.991	/	460.752
	=	0.16

BasicNet 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 )
	=	77.473	/	464.821
	=	0.17

BasicNet SpA (MIL:BAN) 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.

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

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BasicNet SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » BasicNet SpA (MIL:BAN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

0N6O:UK BCJ:Germany

Address

Largo Maurizio Vitale, 1, Torino, ITA, 10152

Website

https://www.basic.net

BasicNet SpA is an Italian company that is engaged in the distribution and development of leisurewear and sportswear, footwear, and accessories for various brands including Kappa, Robe di Kappa, Jesus Jeans, K-Way, Superga, Sabelt, and Briko. The company also develops service activities such as the creation of new software for the online management of all supply chain processes, product research, and development, communication, and sourcing for the distribution of its products through a network of licensees. Its business is divided into two segments namely Clothing, footwear and accessories, and Property.

BasicNet SpA Headlines

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