Renovalo SpA (MIL:RNV) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2024)

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What is Renovalo 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. Renovalo SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.04.

Renovalo SpA's long-term debt to total assets ratio increased from Jun. 2023 (0.03) to Jun. 2024 (0.04). It may suggest that Renovalo SpA is progressively becoming more dependent on debt to grow their business.

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

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

Renovalo SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.37

0.05

0.02

Renovalo SpA Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.05	0.03	0.02	0.04

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

Renovalo 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 )
	=	1.593	/	91.146
	=	0.02

Renovalo 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 )
	=	2.998	/	74.923
	=	0.04

Renovalo SpA (MIL:RNV) 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.

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Renovalo SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Renovalo SpA (MIL:RNV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Giuseppe Arimondi, 3A, Roma, ITA, 00159

Website

https://www.renovalo.it

Renovalo SpA is specialized in urban regeneration and renovation of building structures intended for public and commercial spaces, homes, offices and condominiums, mainly carrying out the activities of Architectural, Structural and Energy Design, Execution of interventions, consultancy and management support for the works.

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