Richard Pierismpany (COL:RICH.N0000) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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What is Richard Pierismpany 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. Richard Pierismpany's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Richard Pierismpany's long-term debt to total assets ratio declined from Dec. 2022 (0.05) to Dec. 2023 (0.05). It may suggest that Richard Pierismpany is progressively becoming less dependent on debt to grow their business.

Richard Pierismpany LT-Debt-to-Total-Asset Historical Data

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

Richard Pierismpany Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.10

0.13

0.11

0.09

0.05

Richard Pierismpany 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															0.05	0.05	0.05	0.04	0.05

Richard Pierismpany LT-Debt-to-Total-Asset Calculation

Richard Pierismpany's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	4752.631	/	87498.735
	=	0.05

Richard Pierismpany'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 )
	=	4840.983	/	91331.388
	=	0.05

Richard Pierismpany (COL:RICH.N0000) 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.

Richard Pierismpany LT-Debt-to-Total-Asset Related Terms

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Richard Pierismpany (COL:RICH.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Richard Pieris & Company PLC (COL:RICH.N0000) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Number 310, High Level Road, Nawinna, Maharagama, LKA

Website

https://www.arpico.com

Richard Pieris & Company PLC is a conglomerate that operates in various sectors including Rubber, Tyre, Plastic and furniture, Retail, Financial Services, Other Services, and Plantations. The company derives the majority of the revenue from a Retail segment that is involved in the sale of fast moving consumer goods, household goods, furniture and electronic goods and provides value-added services, such as bank service points, ATMs, credit card and mobile bill payment facilities. It operates a chain of Arpico Supercentres/Superstores, showrooms, and Arpico Daily Outlets. Geographically, it derives a majority of revenue from Sri Lanka.

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