RocketDNA (ASX:RKT) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2024)

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What is RocketDNA 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. RocketDNA's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.11.

RocketDNA's long-term debt to total assets ratio declined from Dec. 2023 (0.13) to Dec. 2024 (0.11). It may suggest that RocketDNA is progressively becoming less dependent on debt to grow their business.

RocketDNA LT-Debt-to-Total-Asset Historical Data

The historical data trend for RocketDNA'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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RocketDNA LT-Debt-to-Total-Asset Chart

RocketDNA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

0.03

0.13

0.11

RocketDNA 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										0.03	0.05	0.13	0.13	0.11

RocketDNA LT-Debt-to-Total-Asset Calculation

RocketDNA's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	0.883	/	8.355
	=	0.11

RocketDNA'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 )
	=	0.883	/	8.355
	=	0.11

RocketDNA (ASX:RKT) 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.

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RocketDNA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » RocketDNA Ltd (ASX:RKT) » Definitions » LT-Debt-to-Total-Asset

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Address

366 Scarborough Beach Road, Ground Floor, Osborne Park, WA, AUS, 6017

Website

https://www.rocketdna.com

RocketDNA Ltd is a drone-based data service and technology provider. It is engaged in the business of civilian drones for professional use. It provides aerial surveying and mapping, security and surveillance, and blast monitoring and fragment analysis through fully outsourced services and fast data turnaround that allows enterprise customers to focus on the mining, agricultural, and engineering industries. Its geographical segments include Australia and Africa, of which Africa generates the majority of the revenue.