Real Good Food (LSE:RGD) LT-Debt-to-Total-Asset : 0.82 (As of Mar. 2023)

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What is Real Good Food 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. Real Good Food's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.82.

Real Good Food's long-term debt to total assets ratio increased from Mar. 2022 (0.62) to Mar. 2023 (0.82). It may suggest that Real Good Food is progressively becoming more dependent on debt to grow their business.

Real Good Food LT-Debt-to-Total-Asset Historical Data

The historical data trend for Real Good Food'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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Real Good Food LT-Debt-to-Total-Asset Chart

Real Good Food Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.42

0.58

0.63

0.62

0.82

Real Good Food Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.63	0.41	0.62	0.69	0.82

Real Good Food LT-Debt-to-Total-Asset Calculation

Real Good Food'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 )
	=	25.979	/	31.797
	=	0.82

Real Good Food's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	25.979	/	31.797
	=	0.82

Real Good Food (LSE:RGD) 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.

Real Good Food LT-Debt-to-Total-Asset Related Terms

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Real Good Food (LSE:RGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Real Good Food PLC (LSE:RGD) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

229 Crown Street, Liverpool, GBR, L8 7RF

Website

https://www.realgoodfoodplc.com

Real Good Food PLC is engaged in the sourcing, manufacturing, and distribution of food to the retail and industrial sectors. The group operates in one main division: Cake Decoration. The Cake Decoration segment manufactures, sells and supplies cake decorating products and ingredients for the baking sector. Geographically, it derives a majority of revenue from the United Kingdom.

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