Radici Pietro Industries & Brands SpA (MIL:RAD) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2023)

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What is Radici Pietro Industries & Brands 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. Radici Pietro Industries & Brands SpA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.23.

Radici Pietro Industries & Brands SpA's long-term debt to total assets ratio declined from Dec. 2022 (0.24) to Dec. 2023 (0.23). It may suggest that Radici Pietro Industries & Brands SpA is progressively becoming less dependent on debt to grow their business.

Radici Pietro Industries & Brands SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Radici Pietro Industries & Brands 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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Radici Pietro Industries & Brands SpA LT-Debt-to-Total-Asset Chart

Radici Pietro Industries & Brands SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.33

0.31

0.25

0.24

0.23

Radici Pietro Industries & Brands SpA Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.25	0.22	0.24	0.24	0.23

Radici Pietro Industries & Brands SpA LT-Debt-to-Total-Asset Calculation

Radici Pietro Industries & Brands 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 )
	=	16.425	/	71.151
	=	0.23

Radici Pietro Industries & Brands 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 )
	=	16.425	/	71.151
	=	0.23

Radici Pietro Industries & Brands SpA (MIL:RAD) 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.

Radici Pietro Industries & Brands SpA LT-Debt-to-Total-Asset Related Terms

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Radici Pietro Industries & Brands SpA (MIL:RAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Radici Pietro Industries & Brands SpA (MIL:RAD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Cavalier Pietro Radici, 19, Cazzano Sant'Andrea, Bergamo, ITA, 24026

Website

http://www.sit-in.it

Radici Pietro Industries & Brands SpA is engaged in the carpet business. It offers carpets for various industries such as Hotels, Offices, Ships, Aircraftm Automotive, Residential and others.

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