VNE SpA (MIL:VNE) LT-Debt-to-Total-Asset : 0.18 (As of Dec. 2023)

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What is VNE 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. VNE SpA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.18.

VNE SpA's long-term debt to total assets ratio declined from Dec. 2021 (0.30) to Dec. 2023 (0.18). It may suggest that VNE SpA is progressively becoming less dependent on debt to grow their business.

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

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

VNE SpA Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.30

0.23

0.18

VNE SpA Semi-Annual Data
	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	0.30	0.23	0.18

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

VNE 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 )
	=	5.272	/	29.62
	=	0.18

VNE 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 )
	=	5.272	/	29.62
	=	0.18

VNE SpA (MIL:VNE) 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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VNE SpA (MIL:VNE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » VNE SpA (MIL:VNE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Biagioni, 371 loc. Querceta, Seravezza (Lu), ITA, 55047

Website

https://www.vne.it

VNE SpA produces hardware and software for the management of banknotes, coins and more generally payments and transactions through cash and cashless systems, offering a wide range of customized products and boasting a production of over 7,000 machines a year. It creates, samples and produces all its appliances internally. The company offers consulting and commercial assistance all over the world through a stable and efficient operating network; moreover, it guarantees qualified and immediate maintenance and technical assistance anywhere on every type of machine. The main markets where the company operates internationally are gambling, retail & vending, casino & ticket and wherever there is a need to manage payments or automated transactions.