Digital360 SpA (MIL:DIG) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2023)

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What is Digital360 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. Digital360 SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.01.

Digital360 SpA's long-term debt to total assets ratio declined from Dec. 2021 (0.16) to Jun. 2023 (0.01). It may suggest that Digital360 SpA is progressively becoming less dependent on debt to grow their business.

Digital360 SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Digital360 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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Digital360 SpA LT-Debt-to-Total-Asset Chart

Digital360 SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.18

0.22

0.16

0.02

Digital360 SpA Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.22	0.17	0.16	0.32	0.01

Digital360 SpA LT-Debt-to-Total-Asset Calculation

Digital360 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 )
	=	1.544	/	99.361
	=

Digital360 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 )
	=	1.364	/	107.721
	=	0.01

Digital360 SpA (MIL:DIG) 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.

Digital360 SpA LT-Debt-to-Total-Asset Related Terms

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Digital360 SpA (MIL:DIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Digital360 SpA (MIL:DIG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Copernico 38, Milan, ITA, 20125

Website

http://www.digital360.it

Digital360 SpA is a multi-channel platform providing editorial content, Communications and Marketing Services, lead generation, Events and Webinars and Advisory, advocacy and coaching services to companies, public authorities and technology suppliers.

Digital360 SpA (MIL:DIG) Headlines

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