Res SpA (MIL:RES) LT-Debt-to-Total-Asset : 0.19 (As of Dec. 2023)

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

Res SpA's long-term debt to total assets ratio increased from Dec. 2022 (0.13) to Dec. 2023 (0.19). It may suggest that Res SpA is progressively becoming more dependent on debt to grow their business.

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

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

Res SpA Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.13

0.19

Res SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	-	-	0.13	0.08	0.19

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

Res 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 )
	=	10.146	/	53.211
	=	0.19

Res 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 )
	=	10.146	/	53.211
	=	0.19

Res SpA (MIL:RES) 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.

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

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Res SpA (MIL:RES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Res SpA (MIL:RES) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pettoranello del Molise, Zona Industriale, ITA, 86090

Website

https://www.recuperoeticosostenibile.it

Res SpA operates in the waste sector. The business activity is mainly focused on the collection and sorting of materials. The company deals with the entire waste management process from selection to functional treatment and transformation to the regeneration and recovery of waste and reuse as production raw materials.