Solid World Group SpA (MIL:S3D) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)

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What is Solid World Group 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. Solid World Group SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

Solid World Group SpA's long-term debt to total assets ratio declined from Jun. 2023 (0.14) to Jun. 2024 (0.07). It may suggest that Solid World Group SpA is progressively becoming less dependent on debt to grow their business.

Solid World Group SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Solid World Group 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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Solid World Group SpA LT-Debt-to-Total-Asset Chart

Solid World Group SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.10

0.09

0.15

0.09

Solid World Group SpA Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.15	0.14	0.09	0.07

Solid World Group SpA LT-Debt-to-Total-Asset Calculation

Solid World Group 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 )
	=	6.228	/	65.972
	=	0.09

Solid World Group 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 )
	=	4.924	/	66.737
	=	0.07

Solid World Group SpA (MIL:S3D) 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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Solid World Group SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solid World Group SpA (MIL:S3D) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

F17:Germany

Address

Via Enrico Reginato 87, Treviso, ITA, 31100

Website

https://www.solidworld.it

Solid World Group SpA is engaged in providing 3D digital technologies. It generates the majority of its revenues as the official reseller of products of Solidworks Corp.

Solid World Group SpA Headlines

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