Indel B SpA (MIL:INDB) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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What is Indel B 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. Indel B SpA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

Indel B SpA's long-term debt to total assets ratio declined from Dec. 2022 (0.11) to Dec. 2023 (0.07). It may suggest that Indel B SpA is progressively becoming less dependent on debt to grow their business.

Indel B SpA LT-Debt-to-Total-Asset Historical Data

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

Indel B SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.16

0.09

0.11

0.07

Indel B SpA Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.09	0.14	0.11	0.12	0.07

Indel B SpA LT-Debt-to-Total-Asset Calculation

Indel B 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 )
	=	15.451	/	221.871
	=	0.07

Indel B 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 )
	=	15.451	/	221.871
	=	0.07

Indel B SpA (MIL:INDB) 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.

Indel B SpA LT-Debt-to-Total-Asset Related Terms

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Indel B SpA (MIL:INDB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Indel B SpA (MIL:INDB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

2I6:Germany

Address

Via Sarsinate, 27, Sant Agata Feltria, Rimini, ITA, 47866

Website

http://www.indelb.com

Indel B SpA manufactures and sells mobile, refrigerators and cooling systems. The company offers fridges and parking air coolers for cars, off-road vehicles, motor homes/caravans, commercial vehicles, minibusses, luxury coaches, and ambulances; and hotel minibars, electronic safes, lock systems, hairdryers, LED lighting products, and LED televisions.