Simone SpA (MIL:SMN) LT-Debt-to-Total-Asset : 0.22 (As of Jun. 2023)

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What is Simone 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. Simone SpA's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.22.

Simone SpA's long-term debt to total assets ratio increased from Dec. 2021 (0.18) to Jun. 2023 (0.22). It may suggest that Simone SpA is progressively becoming more dependent on debt to grow their business.

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

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

Simone SpA Annual Data

Trend

Dec21

Dec22

LT-Debt-to-Total-Asset

0.18

0.16

Simone SpA Semi-Annual Data
	Dec21	Dec22	Jun23
LT-Debt-to-Total-Asset	0.18	0.16	0.22

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

Simone SpA's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	3.825	/	23.665
	=	0.16

Simone SpA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	5.57	/	25.05
	=	0.22

Simone SpA (MIL:SMN) 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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Simone SpA (MIL:SMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Simone SpA (MIL:SMN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Riviera di Chiaia 256, Napoli, ITA, 80121

Website

https://www.edizioni.simone.it

Simone SpA is a publishing company based in Naples, Italy. It mainly publishes educational materials and textbooks.