Rigel Resource Acquisition (Rigel Resource Acquisition) Debt-to-Asset : 0.03 (As of Mar. 2024)

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What is Rigel Resource Acquisition Debt-to-Asset?

Rigel Resource Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $7.00 Mil. Rigel Resource Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Rigel Resource Acquisition's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $274.86 Mil. Rigel Resource Acquisition's debt to asset for the quarter that ended in Mar. 2024 was 0.03.

Rigel Resource Acquisition Debt-to-Asset Historical Data

The historical data trend for Rigel Resource Acquisition'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.

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Rigel Resource Acquisition Debt-to-Asset Chart

Rigel Resource Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Asset

0.02

Rigel Resource Acquisition Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial							-	0.01	0.01	0.02	0.03

Competitive Comparison of Rigel Resource Acquisition's Debt-to-Asset

For the Shell Companies subindustry, Rigel Resource Acquisition'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.

Rigel Resource Acquisition's Debt-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Rigel Resource Acquisition's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Rigel Resource Acquisition's Debt-to-Asset falls into.

Rigel Resource Acquisition Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Rigel Resource Acquisition'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
	=	(5.557	+	0)	/	270.794
	=	0.02

Rigel Resource Acquisition's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(6.998	+	0)	/	274.857
	=	0.03

Rigel Resource Acquisition (NYSE:RRAC) 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.

Rigel Resource Acquisition Debt-to-Asset Related Terms

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Rigel Resource Acquisition (Rigel Resource Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Rigel Resource Acquisition Corp (NYSE:RRAC) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1045 Avenue of the Americas, 7 Bryant Park, Floor 25, New York, NY, USA, 10018

Website

http://www.rigelacquisition.com

Rigel Resource Acquisition Corp is a blank check company.

Executives

Rigel Resource Acquisition Holding Llc	10 percent owner	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Jeff Feeley	officer: Chief Financial Officer	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Nathaniel Abebe	director, officer: President	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Jonathan Lamb	director, officer: Chief Executive Officer	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Peter O'hagan	director	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Timothy Keating	director	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Kelvin Dushinsky	director	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Christine Coignard	director	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018
Oskar Lewnowski	director, 10 percent owner	C/O ORION RESOURCE PARTNERS (USA) LP, 7 BRYANT PARK, NEW YORK NY 10018

Rigel Resource Acquisition (Rigel Resource Acquisition) Headlines

From GuruFocus

Rigel Resource Acquisition Corp. Announces Non-Binding Letter of Intent to Acquire Metals Company

By Business Wire • 07-26-2023