Rum Group for Transportation & Tourism Investment PSC (AMM:RUMM) LT-Debt-to-Total-Asset: 0.44 (As of Dec. 2023)


What is Rum Group for Transportation & Tourism Investment PSC LT-Debt-to-Total-Asset?

Rum Group for Transportation & Tourism Investment PSC AMM:RUMM LT-Debt-to-Total-Asset is 0.44 as of Dec. 2023.

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. Rum Group for Transportation & Tourism Investment PSC's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.44.

Rum Group for Transportation & Tourism Investment PSC's long-term debt to total assets ratio increased from Dec. 2022 (0.36) to Dec. 2023 (0.44). It may suggest that Rum Group for Transportation & Tourism Investment PSC is progressively becoming more dependent on debt to grow their business.

Rum Group for Transportation & Tourism Investment PSC  (AMM:RUMM) 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.

Rum Group for Transportation & Tourism Investment PSC LT-Debt-to-Total-Asset Related Terms

Rum Group for Transportation & Tourism Investment PSC LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Rum Group for Transportation & Tourism Investment PSC'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.

Rum Group for Transportation & Tourism Investment PSC LT-Debt-to-Total-Asset Chart

Rum Group for Transportation & Tourism Investment PSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.13 0.15 0.36 0.44

Rum Group for Transportation & Tourism Investment PSC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
LT-Debt-to-Total-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 0.36 0.38 0.41 0.42 0.44

Rum Group for Transportation & Tourism Investment PSC LT-Debt-to-Total-Asset Calculation

Rum Group for Transportation & Tourism Investment PSC'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 )
=5.103/11.69
=0.44

Rum Group for Transportation & Tourism Investment PSC'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 )
=5.103/11.69
=0.44

* 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 LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.44 mean?
Rum Group for Transportation & Tourism Investment PSC (AMM:RUMM) has a LT-Debt-to-Total-Asset of 0.44 as of Dec. 2023. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Rum Group for Transportation & Tourism Investment PSC and its competitors.
Is Rum Group for Transportation & Tourism Investment PSC's LT-Debt-to-Total-Asset too high?
Rum Group for Transportation & Tourism Investment PSC's current LT-Debt-to-Total-Asset is 0.44.
How does Rum Group for Transportation & Tourism Investment PSC's LT-Debt-to-Total-Asset compare to BKNG and ABNB?
Rum Group for Transportation & Tourism Investment PSC's LT-Debt-to-Total-Asset of 0.44 can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Travel & Leisure company?
A good LT-Debt-to-Total-Asset depends on the Travel & Leisure industry context. However, LT-Debt-to-Total-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 LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Rum Group for Transportation & Tourism Investment PSC and its competitors. Rum Group for Transportation & Tourism Investment PSC's current LT-Debt-to-Total-Asset is 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rum Group for Transportation & Tourism Investment PSC stock overvalued right now?
Rum Group for Transportation & Tourism Investment PSC (AMM:RUMM) has a current LT-Debt-to-Total-Asset of 0.44. The current LT-Debt-to-Total-Asset is 0.44. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Rum Group for Transportation & Tourism Investment PSC (AMM:RUMM), the current LT-Debt-to-Total-Asset is 0.44 as of Dec. 2023. 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.

Rum Group for Transportation & Tourism Investment PSC Business Description

Address Airport Street, Close to Maa'daba Bridge, P.O. Box 921513, Amman, JOR, 11192
Rum Group for Transportation & Tourism Investment PSC provides tour services. The company provides tourist land transportation Inside and Outside Jordan, owns and operates hotels, aircraft leasing, low-cost airlines, insurance and financial brokerage. The company's brands include Rum Trans, Rum Hotels, and RUM Aviation.