SosTravel.com SpA (MIL:SOS) LT-Debt-to-Total-Asset : 0.24 (As of Dec. 2023)

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What is SosTravel.com 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. SosTravel.com SpA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.24.

SosTravel.com SpA's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.24). It may suggest that SosTravel.com SpA is progressively becoming more dependent on debt to grow their business.

SosTravel.com SpA LT-Debt-to-Total-Asset Historical Data

The historical data trend for SosTravel.com 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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SosTravel.com SpA LT-Debt-to-Total-Asset Chart

SosTravel.com SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

SosTravel.com SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										-	-	-	-	0.24

SosTravel.com SpA LT-Debt-to-Total-Asset Calculation

SosTravel.com 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 )
	=	2.086	/	8.544
	=	0.24

SosTravel.com 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 )
	=	2.086	/	8.544
	=	0.24

SosTravel.com SpA (MIL:SOS) 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.

SosTravel.com SpA LT-Debt-to-Total-Asset Related Terms

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SosTravel.com SpA (MIL:SOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SosTravel.com SpA (MIL:SOS) » Definitions » LT-Debt-to-Total-Asset

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SOSAF:USA

Address

Via Marsala 34/A, Gallarate, ITA, 21013

Website

https://www.sostravel.com

SosTravel.com SpA is a digital travel company engaged in providing solutions in the tourism sector which operates as an intermediary between tourism service providers and customers by offering the possibility to book online stays in accommodation facilities (hotels, resorts), tourist services (e.g. trains, airplanes, ferries), experiences (e.g. guided tours, excursions, tasting itineraries) and, more generally, holiday packages. The company operates through its applications (Sostravel and Flio) and websites (www.sostravel.com, and www.amareitalia.com). It offers services such as Flight Info, Airport Info, Lost Luggage Concierge, Telemedicine, Travel insurance, Travel Booking, and Secret village services.