Ricegrowers (ASX:SGLLV) LT-Debt-to-Total-Asset : 0.08 (As of Oct. 2023)

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What is Ricegrowers 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. Ricegrowers's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 0.08.

Ricegrowers's long-term debt to total assets ratio declined from Oct. 2022 (0.15) to Oct. 2023 (0.08). It may suggest that Ricegrowers is progressively becoming less dependent on debt to grow their business.

Ricegrowers LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ricegrowers'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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Ricegrowers LT-Debt-to-Total-Asset Chart

Ricegrowers Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

LT-Debt-to-Total-Asset

0.11

0.07

0.09

0.10

0.05

Ricegrowers Semi-Annual Data
	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.06	0.10	0.15	0.05	0.08

Ricegrowers LT-Debt-to-Total-Asset Calculation

Ricegrowers's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2023 is calculated as

LT Debt to Total Assets (A: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )	/	Total Assets (A: Apr. 2023 )
	=	66.658	/	1326.963
	=	0.05

Ricegrowers's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (Q: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 )	/	Total Assets (Q: Oct. 2023 )
	=	100.683	/	1264.905
	=	0.08

Ricegrowers (ASX:SGLLV) 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.

Ricegrowers LT-Debt-to-Total-Asset Related Terms

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Ricegrowers (ASX:SGLLV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ricegrowers Ltd (ASX:SGLLV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

7H0:Germany

Address

57 Yanco Avenue, Leeton, NSW, AUS, 2705

Website

https://www.sunrice.com.au

Ricegrowers Ltd is engaged in offering varieties of rice and related products. The business activities of the company are operated under Rice Food, International Rice, Rice Food, Riviana, CopRice, and Corporate segments. The principal activities of the company and its entities consist of the purchase and storage of paddy rice, the milling, processing, manufacturing, procurement, distribution, and marketing of rice and related products, animal feed and nutrition products, groceries, and others. The company generates maximum revenue from the International Rice segment.

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