Rugby Resources (Rugby Resources) LT-Debt-to-Total-Asset : 0.00 (As of Nov. 2023)

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What is Rugby Resources 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. Rugby Resources's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.00.

Rugby Resources's long-term debt to total assets ratio declined from Nov. 2022 (0.02) to Nov. 2023 (0.00). It may suggest that Rugby Resources is progressively becoming less dependent on debt to grow their business.

Rugby Resources LT-Debt-to-Total-Asset Historical Data

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

Rugby Resources Annual Data

Trend

Feb14

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Feb23

LT-Debt-to-Total-Asset

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0.13

Rugby Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	-	-	-	-

Rugby Resources LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Feb. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2023 )	/	Total Assets (A: Feb. 2023 )
	=	0	/	0.33
	=

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

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	0	/	0.645
	=

Rugby Resources (OTCPK:RBMNF) 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.

Rugby Resources LT-Debt-to-Total-Asset Related Terms

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Rugby Resources (Rugby Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rugby Resources Ltd (OTCPK:RBMNF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

64O:Germany RUG:Canada

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.rugbyresourcesltd.com

Rugby Resources Ltd is an exploration-stage company. The company with its subsidiaries is engaged in the acquisition, exploration, and development of mineral properties located in Australia, Colombia, and the Philippines. Its activities are all in the one industry segment of mineral property acquisition, exploration and development. Some of the projects of the company are Cobrasco, Colombia Gold and many more.