Arras Group SpA (MIL:AGU) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2022)

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What is Arras 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. Arras Group SpA's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.06.

Arras Group SpA's long-term debt to total assets ratio increased from . 20 (0.00) to Dec. 2022 (0.06). It may suggest that Arras Group SpA is progressively becoming more dependent on debt to grow their business.

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

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

Arras Group SpA Annual Data

Trend

Dec21

Dec22

LT-Debt-to-Total-Asset

0.03

0.06

Arras Group SpA Semi-Annual Data
	Dec21	Dec22
LT-Debt-to-Total-Asset	0.03	0.06

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

Arras Group SpA's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.301	/	5.02
	=	0.06

Arras Group SpA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	0.301	/	5.02
	=	0.06

Arras Group SpA (MIL:AGU) 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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Arras Group SpA (MIL:AGU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Arras Group SpA (MIL:AGU) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

6ZU:Germany

Address

Largo Domodossola 7, Milan, ITA, 20145

Website

https://www.arrasgroupspa.com

Arras Group SpA is a technological real estate development company for second homes, which currently operates in the Sardinian territory (in particular, in the north and south of the island), and is aimed at both Italian and foreign high-income customers. The Real Estate Projects developed by the Group typically arise in prestigious seaside locations in Sardinia, with the possibility of enjoying large internal and external spaces, as usually requested by national and international buyers interested in buying second homes. Its projects include Cannigione Sunrise, I Villini del Poetto, Seaside Costa Paradiso, The Tower Calasetta, Castle View, and others.