Planetel SpA (MIL:PLN) LT-Debt-to-Total-Asset : 0.21 (As of Dec. 2023)

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What is Planetel 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. Planetel SpA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.21.

Planetel SpA's long-term debt to total assets ratio increased from Dec. 2022 (0.21) to Dec. 2023 (0.21). It may suggest that Planetel SpA is progressively becoming more dependent on debt to grow their business.

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

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

Planetel SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.29

0.28

0.19

0.21

Planetel SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.19	0.24	0.21	0.20	0.21

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

Planetel 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 )
	=	12.489	/	59.889
	=	0.21

Planetel 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 )
	=	12.489	/	59.889
	=	0.21

Planetel SpA (MIL:PLN) 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.

Planetel SpA LT-Debt-to-Total-Asset Related Terms

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Planetel SpA (MIL:PLN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Planetel SpA (MIL:PLN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Boffalora, 4, Treviolo, ITA, 24048

Website

https://www.planetel.it

Planetel SpA provides telecommunication services. The company offers wireless internet services, voice and video calling services, cloud services, and other related services.

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