ReGen III (TSXV:GIII) LT-Debt-to-Total-Asset : 1.02 (As of Dec. 2023)

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What is ReGen III 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. ReGen III's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 1.02.

ReGen III's long-term debt to total assets ratio increased from Sep. 2022 (0.10) to Dec. 2023 (1.02). It may suggest that ReGen III is progressively becoming more dependent on debt to grow their business.

ReGen III LT-Debt-to-Total-Asset Historical Data

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

ReGen III Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.92

0.93

0.05

0.17

1.02

ReGen III Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.17	0.05	0.22	1.02

ReGen III LT-Debt-to-Total-Asset Calculation

ReGen III'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 )
	=	2.723	/	2.684
	=

ReGen III'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 )
	=	2.723	/	2.684
	=

ReGen III (TSXV:GIII) 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.

ReGen III LT-Debt-to-Total-Asset Related Terms

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ReGen III (TSXV:GIII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ReGen III Corp (TSXV:GIII) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ISRJF:USA PN41:Germany

Address

400 Burrard Street, Suite 1750, Vancouver, BC, CAN, V6C 3A6

Website

https://www.regeniii.com

ReGen III Corp is a cleantech company that is building sustainable green projects with compelling economics, without relying on government subsidies. It owns a portfolio of patented technologies that enable used motor oil (UMO) re-refineries to produce a higher-value product mix of base oils than traditional methods.

Executives

William Bradford White

10% Security Holder, Director