RFG Holdings (JSE:RFG) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2023)

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What is RFG Holdings 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. RFG Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.07.

RFG Holdings's long-term debt to total assets ratio declined from Sep. 2022 (0.11) to Sep. 2023 (0.07). It may suggest that RFG Holdings is progressively becoming less dependent on debt to grow their business.

RFG Holdings LT-Debt-to-Total-Asset Historical Data

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

RFG Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

LT-Debt-to-Total-Asset

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0.21

0.16

0.15

0.13

0.11

RFG Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.09	0.11	0.07	0.07

RFG Holdings LT-Debt-to-Total-Asset Calculation

RFG Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (A: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2022 )	/	Total Assets (A: Sep. 2022 )
	=	614.023	/	5423.604
	=	0.11

RFG Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	362.111	/	5549.892
	=	0.07

RFG Holdings (JSE:RFG) 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.

RFG Holdings LT-Debt-to-Total-Asset Related Terms

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RFG Holdings (JSE:RFG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pniel Road, Groot Drakenstein, Cape Town, WC, ZAF, 7680

Website

https://www.rfg.com

RFG Holdings Ltd is a South Africa based company engaged in supplying fresh, frozen, and convenience meal solutions. The product range offered by the company includes canned fruit, jam, vegetable and meat products, bottled salads, fruit juices and purees, fresh ready meals, pies, pastries, bakery, and dairy products. The business operates under two divisions namely, Long life foods and Fresh products. Long life foods division, which includes canned fruits and vegetables, jams, bottled salads, fruit juice, fruit purees, baby food, and canned meat, contributes majorly to the group's revenue. The company's reportable segments include, Regional which is the key revenue generating segment, and International.