Distribuzione Elettrica Adriatica SpA (MIL:DEA) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Distribuzione Elettrica Adriatica 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. Distribuzione Elettrica Adriatica SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Distribuzione Elettrica Adriatica SpA's long-term debt to total assets ratio declined from Dec. 2022 (0.19) to Jun. 2024 (0.00). It may suggest that Distribuzione Elettrica Adriatica SpA is progressively becoming less dependent on debt to grow their business.

Distribuzione Elettrica Adriatica SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Distribuzione Elettrica Adriatica 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.

Distribuzione Elettrica Adriatica SpA LT-Debt-to-Total-Asset Chart

Distribuzione Elettrica Adriatica SpA Annual Data

Trend

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.19

0.06

Distribuzione Elettrica Adriatica SpA Semi-Annual Data
	Dec22	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	0.19	0.06	-	-

Distribuzione Elettrica Adriatica SpA LT-Debt-to-Total-Asset Calculation

Distribuzione Elettrica Adriatica 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 )
	=	5.744	/	96.349
	=	0.06

Distribuzione Elettrica Adriatica 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 )
	=	0	/	0
	=

Distribuzione Elettrica Adriatica SpA (MIL:DEA) 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.

Distribuzione Elettrica Adriatica SpA LT-Debt-to-Total-Asset Related Terms

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

Distribuzione Elettrica Adriatica SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Distribuzione Elettrica Adriatica SpA (MIL:DEA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Guazzatore no. 159, Osimo, ITA, 60027

Website

https://www.deaelettrica.it

Distribuzione Elettrica Adriatica SpA is a Italy based company. Its activity is divided into two distinct business lines dedicated, respectively, to the distribution of electricity (Distribution Electrical Energy) and public lighting (Public Lighting). In the distribution of electricity, The company deals with the activities relating to the operation, maintenance and development of medium voltage (MV) and low voltage (LV) infrastructures with the objective of allowing the transport of electricity from the substations of the distribution networks to the withdrawal points (PoD). The public lighting includes design, construction and maintenance of public lighting systems, by virtue of obtaining concessions from the relevant municipalities.