Zignago Vetro SpA (MIL:ZV) LT-Debt-to-Total-Asset : 0.22 (As of Dec. 2024)

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What is Zignago Vetro 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. Zignago Vetro SpA's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.22.

Zignago Vetro SpA's long-term debt to total assets ratio increased from Dec. 2023 (0.20) to Dec. 2024 (0.22). It may suggest that Zignago Vetro SpA is progressively becoming more dependent on debt to grow their business.

Zignago Vetro SpA LT-Debt-to-Total-Asset Historical Data

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

Zignago Vetro SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.26

0.29

0.28

0.20

0.22

Zignago Vetro SpA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.18	0.21	0.23	0.22

Zignago Vetro SpA LT-Debt-to-Total-Asset Calculation

Zignago Vetro SpA's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	163.003	/	755.493
	=	0.22

Zignago Vetro SpA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	163.003	/	755.493
	=	0.22

Zignago Vetro SpA (MIL:ZV) 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.

Zignago Vetro SpA LT-Debt-to-Total-Asset Related Terms

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Zignago Vetro SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zignago Vetro SpA (MIL:ZV) » Definitions » LT-Debt-to-Total-Asset

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0NNC:UK ZVB:Germany

Address

Via Ita Marzotto no. 8, Fossalta di Portogruaro, Venice, ITA, 30025

Website

https://www.zignagovetro.com

Zignago Vetro SpA operates in the glass production sector. It manufactures hollow glass containers for the Food and Beverages and Cosmetics and Perfumery sectors. It has seven operating segments Zignago Vetro SpA; Zignago Vetro Polska SA; Zignago Vetro France SAS; Vetri Speciali SpA; Zignago Glass USA Inc.; Tre-Ve Srl; Vetreco Srl; and Nuova RO-CO Srl. It generates the majority of its revenue from Zignago Vetro SpA this Business Unit carries out the production of glass containers for food and beverages and for cosmetics and perfumery. The business of the group is carried out in various geographical locations such as Italy, the European Union, North America, and other areas.

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