TMP Group SpA (MIL:TMP) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is TMP 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. TMP Group SpA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

TMP Group SpA's long-term debt to total assets ratio increased from Jun. 2022 (0.00) to Dec. 2023 (0.08). It may suggest that TMP Group SpA is progressively becoming more dependent on debt to grow their business.

TMP Group SpA LT-Debt-to-Total-Asset Historical Data

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

TMP Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.14

0.11

0.08

TMP Group SpA Quarterly Data
	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.10	0.11	0.05	0.08

TMP Group SpA LT-Debt-to-Total-Asset Calculation

TMP 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 )
	=	0.721	/	9.448
	=	0.08

TMP Group 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 )
	=	0.721	/	9.448
	=

TMP Group SpA (MIL:TMP) 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.

TMP Group SpA LT-Debt-to-Total-Asset Related Terms

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TMP Group SpA (MIL:TMP) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Tortona, 27, Milan, ITA, 20144

Website

https://www.tmpgroup.it

TMP Group SpA operates as a media company. It supports companies in the Manufactory, Fin-tech, Sport, and Fashion and Design industries in the management of positioning projects, business innovation, identity, and digital transformation through Digital Marketing, Experience and Events, Production, and Metaverse and NFT activities.