Rocket Sharing Co SpA (MIL:RKT) LT-Debt-to-Total-Asset : 0.29 (As of Jun. 2024)

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What is Rocket Sharing Co 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. Rocket Sharing Co SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.29.

Rocket Sharing Co SpA's long-term debt to total assets ratio increased from Jun. 2023 (0.23) to Jun. 2024 (0.29). It may suggest that Rocket Sharing Co SpA is progressively becoming more dependent on debt to grow their business.

Rocket Sharing Co SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rocket Sharing Co 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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Rocket Sharing Co SpA LT-Debt-to-Total-Asset Chart

Rocket Sharing Co SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.25

0.24

Rocket Sharing Co SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.25	0.23	0.24	0.29

Rocket Sharing Co SpA LT-Debt-to-Total-Asset Calculation

Rocket Sharing Co 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 )
	=	1.416	/	5.985
	=	0.24

Rocket Sharing Co 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 )
	=	1.558	/	5.451
	=	0.29

Rocket Sharing Co SpA (MIL:RKT) 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.

Rocket Sharing Co SpA LT-Debt-to-Total-Asset Related Terms

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Rocket Sharing Co SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rocket Sharing Co SpA (MIL:RKT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Galleria San Babila 4/a, Milan, ITA

Website

https://www.rocketsharing.it

Rocket Sharing Co SpA has developed a technology-based marketplace blockchain. Through its platform, consumers are encouraged to purchase products and services which provides a cashback incentive mechanism, that allows users to accumulate vouchers to be used as a discount on subsequent purchases.