KME Group SpA (MIL:KME) LT-Debt-to-Total-Asset : 0.19 (As of Dec. 2023)

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What is KME Group 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. KME Group SpA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.19.

KME Group SpA's long-term debt to total assets ratio increased from Dec. 2022 (0.15) to Dec. 2023 (0.19). It may suggest that KME Group SpA is progressively becoming more dependent on debt to grow their business.

KME Group SpA LT-Debt-to-Total-Asset Historical Data

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

KME Group SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.13

0.14

0.15

0.19

KME Group SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	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															0.14	0.10	0.15	0.15	0.19

KME Group SpA LT-Debt-to-Total-Asset Calculation

KME Group 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 )
	=	354.582	/	1845.61
	=	0.19

KME Group 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 )
	=	354.582	/	1845.61
	=	0.19

KME Group SpA (MIL:KME) 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.

KME Group SpA LT-Debt-to-Total-Asset Related Terms

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KME Group SpA (MIL:KME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » KME Group SpA (MIL:KME) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

IKGR:Italy MTJ3:Germany

Address

Foro Buonaparte 44, Milan, ITA, 20121

Website

https://www.kme.com

KME Group SpA is a diversified investment holding company. It invests in copper sector and financial and real estate assets sector. The copper sector includes the production and marketing of copper and copper-alloy semi-finished products. The financial and real estate assets sector includes the private equity activity, carried out mainly through the closed-ended investment fund, and the management of receivables. The company generates the majority of the revenue from the copper sector.