Gentili Mosconi SpA (MIL:GM) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2024)

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What is Gentili Mosconi 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. Gentili Mosconi SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.04.

Gentili Mosconi SpA's long-term debt to total assets ratio increased from Jun. 2023 (0.03) to Jun. 2024 (0.04). It may suggest that Gentili Mosconi SpA is progressively becoming more dependent on debt to grow their business.

Gentili Mosconi SpA LT-Debt-to-Total-Asset Historical Data

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

Gentili Mosconi SpA Annual Data

Trend

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.23

0.09

0.05

Gentili Mosconi SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.15	0.05	0.03	0.02	0.04

Gentili Mosconi SpA LT-Debt-to-Total-Asset Calculation

Gentili Mosconi 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 )
	=	1.648	/	34.53
	=	0.05

Gentili Mosconi 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 )
	=	2.062	/	51.35
	=	0.04

Gentili Mosconi SpA (MIL:GM) 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.

Gentili Mosconi SpA LT-Debt-to-Total-Asset Related Terms

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Gentili Mosconi SpA Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

Z5A:Germany

Address

Via Tevere 7/9, Casnate con Bernate, Como, ITA, 22070

Website

https://www.gentilimosconi.it

Gentili Mosconi SpA creates and produces printed and dyed fabrics, with jacquard and yarn-dyed processes, fabrics with original prints or garment prints and other special processes for the most important national and international fashion brands.