Predict SpA (MIL:PRE) LT-Debt-to-Total-Asset : 0.18 (As of Jun. 2024)

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What is Predict 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. Predict SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.18.

Predict SpA's long-term debt to total assets ratio increased from Dec. 2022 (0.04) to Jun. 2024 (0.18). It may suggest that Predict SpA is progressively becoming more dependent on debt to grow their business.

Predict SpA LT-Debt-to-Total-Asset Historical Data

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

Predict SpA Annual Data

Trend

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.04

Predict SpA Semi-Annual Data
	Dec22	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	0.04	-	0.18	-

Predict SpA LT-Debt-to-Total-Asset Calculation

Predict 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 )
	=	0.017	/	7.137
	=	0.00

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0.839	/	4.657
	=	0.18

Predict SpA (MIL:PRE) 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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Predict SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Predict SpA (MIL:PRE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Fiera del Levante Pad. 105, Viale Adriatico, Bari, ITA, 70132

Website

https://www.predictcare.it

Predict SpA develops innovative healthcare technologies, such as Optip and Mistral, and sells medical diagnostic imaging systems. Its products include Versana Active GE, Optic probe, Versana Balance GE, Voluson S-series, and Vivid T8.