RHCCF (Royal Helium) Debt-to-Asset : 0.39 (As of Sep. 2024)

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What is Royal Helium Debt-to-Asset?

Royal Helium RHCCF Debt-to-Asset is 0.39 as of Sep. 2024.

Royal Helium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $7.76 Mil. Royal Helium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $17.72 Mil. Royal Helium's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $64.64 Mil. Royal Helium's debt to asset for the quarter that ended in Sep. 2024 was 0.39.

Royal Helium  (OTCPK:RHCCF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Royal Helium Debt-to-Asset Related Terms

Royal Helium Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Royal Helium's Debt-to-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.

Royal Helium Debt-to-Asset Chart

Royal Helium Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.39

Royal Helium Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.35 0.39 0.42 0.39 0.39

RHCCF vs GRVE, SPOWF, LEEN: Debt-to-Asset Comparison

For the Oil & Gas E&P subindustry, Royal Helium's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Royal Helium Debt-to-Asset vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Royal Helium's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Royal Helium's Debt-to-Asset falls into.


Royal Helium Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Royal Helium's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(3.638 + 22.832) / 68.437
=0.39

Royal Helium's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(7.76 + 17.719) / 64.641
=0.39

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.39 mean?
Royal Helium (RHCCF) has a Debt-to-Asset of 0.39 as of Sep. 2024. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Royal Helium and its competitors.
Is Royal Helium's Debt-to-Asset too high?
Royal Helium's current Debt-to-Asset is 0.39.
How does Royal Helium's Debt-to-Asset compare to GRVE and SPOWF?
Royal Helium's Debt-to-Asset of 0.39 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for an Oil & Gas company?
A good Debt-to-Asset depends on the Oil & Gas industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Royal Helium and its competitors. Royal Helium's current Debt-to-Asset is 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Helium stock overvalued right now?
Royal Helium (RHCCF) has a current Debt-to-Asset of 0.39. The current Debt-to-Asset is 0.39. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Royal Helium (RHCCF), the current Debt-to-Asset is 0.39 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Royal Helium Business Description

Industry EnergyOil & Gas
Address 224, 4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5
Royal Helium Ltd is focused on the exploration and development of primary helium production in southern Saskatchewan. Royal is the helium leaseholder in North America. Located next to highways, roads, and cities, and importantly close to existing oil and gas infrastructure, the company's projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists, and engineers. The company's project includes Saskatchewan Helium Play Elements for Success.