Lottomatica Group SpA (MIL:LTMC) LT-Debt-to-Total-Asset : 0.60 (As of Mar. 2024)

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What is Lottomatica 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. Lottomatica Group SpA's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.60.

Lottomatica Group SpA's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.60). It may suggest that Lottomatica Group SpA is progressively becoming more dependent on debt to grow their business.

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

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

Lottomatica Group SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.61

0.70

0.67

0.60

Lottomatica Group SpA Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					-	-	-	0.60	0.60

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

Lottomatica 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 )
	=	1976.392	/	3282.195
	=	0.60

Lottomatica Group SpA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1978.805	/	3312.087
	=	0.60

Lottomatica Group SpA (MIL:LTMC) 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.

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

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Lottomatica Group SpA (MIL:LTMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Lottomatica Group SpA (MIL:LTMC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LTMCm:UK

Address

Via degli Aldobrandeschi, 300, Rome, ITA, 00163

Website

https://www.lottomaticagroup.com

Lottomatica Group SpA is an operator on the gaming market authorized by the Customs and Monopolies Agency. The group operates in various sectors namely Online (sports betting and online games); Betting (sports bets and games on a physical network); Gaming (AWP and VLT entertainment machines, direct management of gaming halls and proprietary AWPs).

Lottomatica Group SpA (MIL:LTMC) Headlines

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