GM Leather SpA (MIL:GML) LT-Debt-to-Total-Asset : 0.19 (As of Jun. 2024)

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What is GM Leather 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. GM Leather SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.19.

GM Leather SpA's long-term debt to total assets ratio declined from Jun. 2023 (0.21) to Jun. 2024 (0.19). It may suggest that GM Leather SpA is progressively becoming less dependent on debt to grow their business.

GM Leather SpA LT-Debt-to-Total-Asset Historical Data

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

GM Leather SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.19

0.23

0.21

0.22

GM Leather SpA Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.21	0.21	0.22	0.19

GM Leather SpA LT-Debt-to-Total-Asset Calculation

GM Leather 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 )
	=	12.018	/	54.252
	=	0.22

GM Leather 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 )
	=	10.413	/	55.105
	=	0.19

GM Leather SpA (MIL:GML) 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.

GM Leather SpA LT-Debt-to-Total-Asset Related Terms

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GM Leather SpA Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Olimpica 11, Arzignano, ITA, 36071

Website

https://www.gmleatherspa.com

GM Leather SpA engages in the treatment, processing, and marketing of bovine leather. Its products are predominantly intended for the furniture, leather goods, and footwear industries. Geographically, the company derives its maximum revenue from non-EU countries followed by Italy and EU countries.

GM Leather SpA Headlines

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