Rumbu Holdings (TSXV:RMB) Debt-to-Equity : 4.00 (As of Jun. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Rumbu Holdings Debt-to-Equity?

Rumbu Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.22 Mil. Rumbu Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$1.96 Mil. Rumbu Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was C$0.55 Mil. Rumbu Holdings's debt to equity for the quarter that ended in Jun. 2024 was 4.00.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Rumbu Holdings's Debt-to-Equity or its related term are showing as below:

TSXV:RMB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 0.84 Max: 4
Current: 4

During the past 3 years, the highest Debt-to-Equity Ratio of Rumbu Holdings was 4.00. The lowest was 0.75. And the median was 0.84.

TSXV:RMB's Debt-to-Equity is ranked worse than
93.26% of 89 companies
in the Personal Services industry
Industry Median: 0.69 vs TSXV:RMB: 4.00

Rumbu Holdings Debt-to-Equity Historical Data

The historical data trend for Rumbu Holdings's Debt-to-Equity 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.

* Premium members only.

Rumbu Holdings Debt-to-Equity Chart

Rumbu Holdings Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

Rumbu Holdings Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial							-	-	0.84	0.75	4.00

Competitive Comparison of Rumbu Holdings's Debt-to-Equity

For the Personal Services subindustry, Rumbu Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Rumbu Holdings's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Rumbu Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Rumbu Holdings's Debt-to-Equity falls into.

Rumbu Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rumbu Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	0.321
	=	0.00

Rumbu Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.224	+	1.96)	/	0.546
	=	4.00

Rumbu Holdings (TSXV:RMB) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Rumbu Holdings Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Rumbu Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Rumbu Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Rumbu Holdings Ltd (TSXV:RMB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1150, 707 7th Avenue SW, Calgary, AB, CAN, T2R 1J4

Website

Rumbu Holdings Ltd operates in the funeral business providing funeral and cremation services to the public in its market area.

Rumbu Holdings Headlines

No Headlines