Industrie Chimiche Forestali SpA (MIL:ICF) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Industrie Chimiche Forestali 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. Industrie Chimiche Forestali SpA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

Industrie Chimiche Forestali SpA's long-term debt to total assets ratio declined from Dec. 2022 (0.10) to Dec. 2023 (0.09). It may suggest that Industrie Chimiche Forestali SpA is progressively becoming less dependent on debt to grow their business.

Industrie Chimiche Forestali SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Industrie Chimiche Forestali 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.

Industrie Chimiche Forestali SpA LT-Debt-to-Total-Asset Chart

Industrie Chimiche Forestali SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.21

0.08

0.12

0.10

0.09

Industrie Chimiche Forestali SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.12	0.11	0.10	0.10	0.09

Industrie Chimiche Forestali SpA LT-Debt-to-Total-Asset Calculation

Industrie Chimiche Forestali 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 )
	=	10.264	/	119.745
	=	0.09

Industrie Chimiche Forestali SpA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	10.264	/	119.745
	=	0.09

Industrie Chimiche Forestali SpA (MIL:ICF) 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.

Industrie Chimiche Forestali SpA LT-Debt-to-Total-Asset Related Terms

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

Industrie Chimiche Forestali SpA (MIL:ICF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Industrie Chimiche Forestali SpA (MIL:ICF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Fratelli Kennedy, 75, Marcallo con Casone, Milano, ITA, 20010

Website

https://www.forestali.it

Industrie Chimiche Forestali SpA is engaged in the design, production and marketing of high-tech adhesives and fabrics mainly for the following markets: footwear & leather goods, automotive and packaging.