RCL Foods (JSE:RCL) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is RCL Foods 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. RCL Foods's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

RCL Foods's long-term debt to total assets ratio declined from Dec. 2022 (0.04) to Dec. 2023 (0.03). It may suggest that RCL Foods is progressively becoming less dependent on debt to grow their business.

RCL Foods LT-Debt-to-Total-Asset Historical Data

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

RCL Foods Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.13

0.18

0.16

0.10

0.03

RCL Foods Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.10	0.04	0.03	0.03

RCL Foods LT-Debt-to-Total-Asset Calculation

RCL Foods's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	807.2	/	25301.361
	=	0.03

RCL Foods'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 )
	=	570.502	/	23106.961
	=	0.02

RCL Foods (JSE:RCL) 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.

RCL Foods LT-Debt-to-Total-Asset Related Terms

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RCL Foods (JSE:RCL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ten The Boulevard, Westway Office Park, Westville, NL, ZAF, 3629

Website

https://www.rclfoods.com

RCL Foods Ltd is a leading African food producer with operations across South Africa, Swaziland, Namibia, Botswana, and Zambia. RCL Foods operates through the below segments, Groceries segment: Engaged in Culinary (includes Mayonnaise, Peanut Butter, Rusks etc.) and Pet Food and Beverages operations; Baking segment: Includes the Milling, Speciality, Pies, Sunbake and Sunshine bakeries and Buns and Rolls; Sugar segment: Includes Sugar and molasses-based feed (Molatek) operations; Rainbow segment includes the chicken business, grain-based feed (Epol and Driehoek) and Waste-to-Value operations. The company generates the majority of its revenue from the Rainbow segment.