Renergetica SpA (MIL:REN) LT-Debt-to-Total-Asset : 0.19 (As of Jun. 2023)

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

Renergetica SpA's long-term debt to total assets ratio declined from Jun. 2022 (0.37) to Jun. 2023 (0.19). It may suggest that Renergetica SpA is progressively becoming less dependent on debt to grow their business.

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

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

Renergetica SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.24

0.33

0.41

0.42

0.33

Renergetica SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.39	0.42	0.37	0.33	0.19

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

Renergetica SpA's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	11.715	/	35.708
	=	0.33

Renergetica SpA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	8.047	/	42.617
	=	0.19

Renergetica SpA (MIL:REN) 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.

Renergetica SpA LT-Debt-to-Total-Asset Related Terms

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Renergetica SpA (MIL:REN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Renergetica SpA (MIL:REN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Scarsellini. 119, 12 piano - Torre I Gemelli, Genova, ITA, 16149

Website

https://www.renergetica.com

Renergetica SpA is engaged in development of renewable energy projects and designing of hybrid power generation systems. The company's services include development, engineering, and asset management for renewable energy plants and energy storage solutions.