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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. RB Global's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.35.
RB Global's long-term debt to total assets ratio declined from Mar. 2023 (0.37) to Mar. 2024 (0.35). It may suggest that RB Global is progressively becoming less dependent on debt to grow their business.
The historical data trend for RB Global'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.
RB Global Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.34 | 0.32 | 0.52 | 0.25 | 0.37 |
RB Global Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.37 | 0.37 | 0.37 | 0.37 | 0.35 |
RB Global'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 ) |
= | 4432.3 | / | 12037.4 | |
= | 0.37 |
RB Global's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as
LT Debt to Total Assets (Q: Mar. 2024 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 ) | / | Total Assets (Q: Mar. 2024 ) |
= | 4262.4 | / | 12045.2 | |
= | 0.35 |
* 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.
RB Global (NYSE:RBA) 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.
Thank you for viewing the detailed overview of RB Global's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Darren Jeffrey Watt | officer: Gen. Counsel & Corp. Secretary | C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6 |
James J Jeter | officer: President, Sales U.S. | C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6 |
Ann Fandozzi | director, officer: CEO | C/O RITCHIE BROS. AUCTIONEERS INC, 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6 |
James Francis Kessler | officer: Chief Operating Officer | C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6 |
Timothy J. O'day | director | TWO WESTBROOK CORPORATE CENTER, SUITE 50, WESTCHESTER IL 60154 |
Baron Concors | officer: Chief Information Officer | C/O 9500 GLENLYON PARKWAY, BURNABY A0 V5J 0C6 |
Andrew John Fesler | officer: Chief People Officer | C/O RB GLOBAL, INC., 2 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154 |
Megan Anne Cash | officer: Principal Fin. & Acctg Officer | C/O RB GLOBAL, INC., 2 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154 |
Erik Olsson | director | C/O RSC HOLDINGS INC., 6929 E. GREENWAY PARKWAY, SCOTTSDALE AZ 85254 |
Michael D Sieger | director | C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143 |
Adam Dewitt | director | 39 SOUTH LASALLE STREET, SUITE 220, CHICAGO IL 60603 |
Sarah E. Raiss | director | 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039 |
Carol Stephenson | director | 300 RENAISSANCE CENTER, M/C:482-C24-A68, DETROIT MI 48265-3000 |
Robert George Elton | director | C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6 |
Lisa Hook | director | NEUSTAR, INC. - C/O DENIS CURRAN, 46000 CENTER OAK PLAZA, STERLING VA 20166 |
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