Rare Foods Australia (ASX:RFA) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2024)

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What is Rare Foods Australia 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. Rare Foods Australia's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.04.

Rare Foods Australia's long-term debt to total assets ratio declined from Dec. 2023 (0.05) to Dec. 2024 (0.04). It may suggest that Rare Foods Australia is progressively becoming less dependent on debt to grow their business.

Rare Foods Australia LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rare Foods Australia'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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Rare Foods Australia LT-Debt-to-Total-Asset Chart

Rare Foods Australia Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.04

0.03

0.05

0.04

Rare Foods Australia Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.05	0.05	0.05	0.04	0.04

Rare Foods Australia LT-Debt-to-Total-Asset Calculation

Rare Foods Australia's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	0.625	/	15.413
	=	0.04

Rare Foods Australia's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	0.595	/	13.445
	=	0.04

Rare Foods Australia (ASX:RFA) 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.

Rare Foods Australia LT-Debt-to-Total-Asset Related Terms

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Rare Foods Australia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rare Foods Australia Ltd (ASX:RFA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Leeuwin Road, Lot 331 Augusta Boat Harbour, Augusta, WA, AUS, 6290

Website

https://www.rarefoodsaustralia.com.au

Rare Foods Australia Ltd is a commercial greenlip abalone ocean ranching business in the waters of Flinders Bay, West Australia. The group operates only in Australia.

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