Take Off SpA (MIL:TKF) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2023)

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What is Take Off 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. Take Off SpA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.13.

Take Off SpA's long-term debt to total assets ratio declined from Dec. 2022 (0.15) to Dec. 2023 (0.13). It may suggest that Take Off SpA is progressively becoming less dependent on debt to grow their business.

Take Off SpA LT-Debt-to-Total-Asset Historical Data

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

Take Off SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.27

0.19

0.15

0.13

Take Off SpA Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.19	0.19	0.15	0.18	0.13

Take Off SpA LT-Debt-to-Total-Asset Calculation

Take Off 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 )
	=	5.481	/	41.918
	=	0.13

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	5.481	/	41.918
	=	0.13

Take Off SpA (MIL:TKF) 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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Take Off SpA (MIL:TKF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Take Off SpA (MIL:TKF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Montenapoleone 8, Milan, ITA, 20121

Website

https://www.takeoffoutlet.com

Take Off SpA is engaged in the operations of clothing stores in Italy. The company offers women's clothes, men's clothes and accessories.

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