BRMIF (Boat Rocker Media) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Boat Rocker Media 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. Boat Rocker Media's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Boat Rocker Media's long-term debt to total assets ratio increased from Sep. 2023 (0.02) to Sep. 2024 (0.03). It may suggest that Boat Rocker Media is progressively becoming more dependent on debt to grow their business.

Boat Rocker Media LT-Debt-to-Total-Asset Historical Data

The historical data trend for Boat Rocker Media'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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Boat Rocker Media LT-Debt-to-Total-Asset Chart

Boat Rocker Media Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.02

Boat Rocker Media Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.03	0.03

Boat Rocker Media LT-Debt-to-Total-Asset Calculation

Boat Rocker Media'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 )
	=	9.395	/	450.367
	=	0.02

Boat Rocker Media's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	10.754	/	377.92
	=	0.03

Boat Rocker Media (OTCPK:BRMIF) 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.

Boat Rocker Media LT-Debt-to-Total-Asset Related Terms

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Boat Rocker Media Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Boat Rocker Media Inc (OTCPK:BRMIF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

9P6:Germany BRMI:Canada

Address

310 King Street East, Toronto, ON, CAN, M5A 1K6

Website

https://www.boatrocker.com

Boat Rocker Media Inc is the home for creative visionaries. An independent, integrated entertainment company, Boat Rocker's purpose is to tell stories and build iconic brands across all genres and mediums. With offices around the world, the company's creative and commercial capabilities include scripted, unscripted, kids and family television production, distribution, brand, and franchise management, a world-class animation studio, and talent management through Untitled Entertainment. Its segment includes Television, Kids and Family, Representation, and the majority of the revenue comes from Television.