RedFish LongTerm Capital SpA (MIL:RFLTC) LT-Debt-to-Total-Asset : 0.27 (As of Jun. 2024)

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What is RedFish LongTerm Capital 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. RedFish LongTerm Capital SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.27.

RedFish LongTerm Capital SpA's long-term debt to total assets ratio increased from Jun. 2023 (0.21) to Jun. 2024 (0.27). It may suggest that RedFish LongTerm Capital SpA is progressively becoming more dependent on debt to grow their business.

RedFish LongTerm Capital SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for RedFish LongTerm Capital 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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RedFish LongTerm Capital SpA LT-Debt-to-Total-Asset Chart

RedFish LongTerm Capital SpA Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.24

0.25

RedFish LongTerm Capital SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.24	0.21	0.25	0.27

RedFish LongTerm Capital SpA LT-Debt-to-Total-Asset Calculation

RedFish LongTerm Capital 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 )
	=	15.283	/	61.021
	=	0.25

RedFish LongTerm Capital 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 )
	=	33.964	/	124.076
	=	0.27

RedFish LongTerm Capital SpA (MIL:RFLTC) 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.

RedFish LongTerm Capital SpA LT-Debt-to-Total-Asset Related Terms

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RedFish LongTerm Capital SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RedFish LongTerm Capital SpA (MIL:RFLTC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

HN5:Germany

Address

Via del Carmine, 11, Milano, ITA, 20121

Website

https://longterm.redfish.capital

RedFish LongTerm Capital SpA is an industrial holding company specializing in the acquisition of shares in family-run Italian SMEs. The company acquires qualified minority or majority shareholdings with the intention of maintaining these investments over a long period of time, either through its investment or through club deal structures, with the involvement of other investors. The role of the company in the ecosystem of its subsidiaries is to support them in increasing some critical areas by providing them with support services to managers for the financial side, management control and debt optimization, but above all advisory services for the acquisition of Target Companies in order to pursue the development plan for external lines.

RedFish LongTerm Capital SpA Headlines

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