Rainbow Chicken (JSE:RBO) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2024)

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What is Rainbow Chicken 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. Rainbow Chicken's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.02.

Rainbow Chicken's long-term debt to total assets ratio declined from Jun. 2023 (0.05) to Jun. 2024 (0.02). It may suggest that Rainbow Chicken is progressively becoming less dependent on debt to grow their business.

Rainbow Chicken LT-Debt-to-Total-Asset Historical Data

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

Rainbow Chicken Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.02

0.03

0.05

0.02

Rainbow Chicken Semi-Annual Data
	Jun21	Jun22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	0.02	0.03	0.05	0.03	0.02

Rainbow Chicken LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	161.789	/	7149.386
	=	0.02

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	161.789	/	7149.386
	=	0.02

Rainbow Chicken (JSE:RBO) 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.

Rainbow Chicken LT-Debt-to-Total-Asset Related Terms

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Rainbow Chicken Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rainbow Chicken Ltd (JSE:RBO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Stanley Methven Road, Hammarsdale, Durban, NL, ZAF, 3701

Website

https://www.rainbowchickens.co.za

Rainbow Chicken Ltd is a fully integrated broiler producing company involved in all stages of chicken production from farm to fork. It creates the industry's superior animal feed and is involved in every step of the process delivering fresh, frozen, and further processed chicken of superior quality.

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