Iveco Group NV (STU:R3D) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2024)

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What is Iveco Group NV 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. Iveco Group NV's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.14.

Iveco Group NV's long-term debt to total assets ratio increased from Sep. 2023 (0.08) to Sep. 2024 (0.14). It may suggest that Iveco Group NV is progressively becoming more dependent on debt to grow their business.

Iveco Group NV LT-Debt-to-Total-Asset Historical Data

The historical data trend for Iveco Group NV'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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Iveco Group NV LT-Debt-to-Total-Asset Chart

Iveco Group NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.23

0.06

0.12

Iveco Group NV Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.08	0.12	0.11	0.10	0.14

Iveco Group NV LT-Debt-to-Total-Asset Calculation

Iveco Group NV'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 )
	=	2158	/	18385
	=	0.12

Iveco Group NV's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	2489	/	18027
	=	0.14

Iveco Group NV (STU:R3D) 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.

Iveco Group NV LT-Debt-to-Total-Asset Related Terms

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Iveco Group NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Iveco Group NV (STU:R3D) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

IVCGF:USA IVG:Italy 0AB5:UK IVGm:UK IVG:Austria

Address

Via Puglia n. 35, Turin, ITA, 10156

Website

https://www.ivecogroup.com

Iveco Group NV is engaged in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses, and specialty vehicles for firefighting, defense, and other uses, as well as combustion engines, alternative propulsion systems, transmissions, and axles. The group has three operating segments: Commercial and Specialty Vehicles, Powertrain and Financial Services. Majority of revenue is generated from Commercial and Specialty Vehicles. Commercial and Specialty Vehicles designs, manufactures and distributes a full range of light, medium, and heavy vehicles for the transportation and distribution of goods; city-buses, commuter buses; quarry and mining equipment. Geographically, majority of revenue is generated from Europe.

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