Rivian Automotive (FRA:99U) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2024)

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What is Rivian Automotive 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. Rivian Automotive's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.31.

Rivian Automotive's long-term debt to total assets ratio increased from Dec. 2023 (0.28) to Dec. 2024 (0.31). It may suggest that Rivian Automotive is progressively becoming more dependent on debt to grow their business.

Rivian Automotive LT-Debt-to-Total-Asset Historical Data

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

Rivian Automotive Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.03

0.07

0.09

0.28

0.31

Rivian Automotive Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.28	0.30	0.38	0.41	0.31

Rivian Automotive LT-Debt-to-Total-Asset Calculation

Rivian Automotive'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 )
	=	4603.1	/	14716.55
	=	0.31

Rivian Automotive'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 )
	=	4603.1	/	14716.55
	=	0.31

Rivian Automotive (FRA:99U) 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.

Rivian Automotive LT-Debt-to-Total-Asset Related Terms

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Rivian Automotive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rivian Automotive Inc (FRA:99U) » Definitions » LT-Debt-to-Total-Asset

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RIVN:USA RIVN:Mexico

Address

14600 Myford Road, Irvine, CA, USA, 92606

Website

https://www.rivian.com

Rivian Automotive Inc is an automotive manufacturer that develops and builds electric vehicles ("EVs") as well as software and services. It launches its consumer vehicle business with the R1 platform consisting of two vehicles: the R1T, and the R1S. The company has two reportable segments: Automotive, which derives the majority of revenue, and Software and Services segment. The Automotive reportable segment derives its revenues and cost of revenues from the production and sale of new EVs and the sale of regulatory credits generated by the production and sale of EVs. The Software and services reportable segment derives its revenues and cost of revenues primarily from remarketing, vehicle repair and maintenance services, and vehicle electrical architecture and software development services.

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