Robit (CHIX:ROBITH) LT-Debt-to-Total-Asset : 0.26 (As of Mar. 2024)

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What is Robit 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. Robit's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.26.

Robit's long-term debt to total assets ratio increased from Mar. 2023 (0.26) to Mar. 2024 (0.26). It may suggest that Robit is progressively becoming more dependent on debt to grow their business.

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

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

Robit Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.24

0.27

0.25

0.28

Robit Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.29	0.30	0.28	0.26

Robit LT-Debt-to-Total-Asset Calculation

Robit'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 )
	=	26.069	/	94.043
	=	0.28

Robit's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	24.829	/	93.883
	=	0.26

Robit (CHIX:ROBITh) 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.

Robit LT-Debt-to-Total-Asset Related Terms

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Robit (CHIX:ROBITH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Robit PLC (CHIX:ROBITh) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

0RPG:UK ROBIT:Finland RO3:Germany

Address

Vikkiniityntie 9, Lempaala, FIN, FI-33880

Website

https://www.robitgroup.com

Robit PLC is engaged in the business of manufacturing, selling, and servicing drilling consumables for applications in mining, construction and contracting tunneling, and well drilling. Its business is divided into Top hammer, Down the hole, and Geotechnical business units. The company's product portfolio encompasses button bits, overburden drilling bits, reaming equipment, rods, shanks among others.

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