Cover 50 SpA (MIL:CVR50) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2022)

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What is Cover 50 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. Cover 50 SpA's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.02.

Cover 50 SpA's long-term debt to total assets ratio declined from Dec. 2021 (0.05) to Dec. 2022 (0.02). It may suggest that Cover 50 SpA is progressively becoming less dependent on debt to grow their business.

Cover 50 SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cover 50 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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Cover 50 SpA LT-Debt-to-Total-Asset Chart

Cover 50 SpA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.08

0.05

0.02

Cover 50 SpA Semi-Annual Data
	Dec12	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.08	0.05	0.04	0.02

Cover 50 SpA LT-Debt-to-Total-Asset Calculation

Cover 50 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 )
	=	0.71	/	43.806
	=	0.02

Cover 50 SpA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	0.71	/	43.806
	=	0.02

Cover 50 SpA (MIL:CVR50) 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.

Cover 50 SpA LT-Debt-to-Total-Asset Related Terms

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Cover 50 SpA (MIL:CVR50) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cover 50 SpA (MIL:CVR50) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Torino, 25, Pianezza, ITA, 10044

Website

http://www.cover50.it

Cover 50 SpA operates in the market of the pants industry. The company is engaged in the creation, production and marketing of pants in Italy.

Cover 50 SpA (MIL:CVR50) Headlines

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