Next Geosolutions Europe SpA (MIL:NXT) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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

Next Geosolutions Europe SpA's long-term debt to total assets ratio increased from . 20 (0.00) to Dec. 2023 (0.07). It may suggest that Next Geosolutions Europe SpA is progressively becoming more dependent on debt to grow their business.

Next Geosolutions Europe SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Next Geosolutions Europe 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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Next Geosolutions Europe SpA LT-Debt-to-Total-Asset Chart

Next Geosolutions Europe SpA Annual Data

Trend

Dec22

Dec23

LT-Debt-to-Total-Asset

0.14

0.07

Next Geosolutions Europe SpA Semi-Annual Data
	Dec22	Dec23
LT-Debt-to-Total-Asset	0.14	0.07

Next Geosolutions Europe SpA LT-Debt-to-Total-Asset Calculation

Next Geosolutions Europe 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 )
	=	16.799	/	233.391
	=	0.07

Next Geosolutions Europe 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 )
	=	16.799	/	233.391
	=	0.07

Next Geosolutions Europe SpA (MIL:NXT) 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.

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Next Geosolutions Europe SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Next Geosolutions Europe SpA (MIL:NXT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via S.Brigida, 39, Napoli, ITA, 80133

Website

https://www.nextgeo.eu

Next Geosolutions Europe SpA operates in the underwater survey sector, offering marine geoscience services to support the engineering and construction of infrastructures in the EMEA market in favor of companies operating mainly in the sectors of submarine electrical cables and energy renewables (in particular, wind energy) and, to a lesser extent, in the sector Offshore Oil&Gas. The Group operates in different geographical areas; in particular: in the area of the Mediterranean Sea, with particular reference to the area of the Eastern Mediterranean, the Baltic Sea, the North Sea, and the Eastern Atlantic Ocean.