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Riba Mundo Tecnologia (MIL:RMT) LT-Debt-to-Total-Asset : 0.27 (As of Jun. 2024)


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What is Riba Mundo Tecnologia 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. Riba Mundo Tecnologia's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.27.

Riba Mundo Tecnologia's long-term debt to total assets ratio declined from Jun. 2023 (0.36) to Jun. 2024 (0.27). It may suggest that Riba Mundo Tecnologia is progressively becoming less dependent on debt to grow their business.


Riba Mundo Tecnologia LT-Debt-to-Total-Asset Historical Data

The historical data trend for Riba Mundo Tecnologia'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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Riba Mundo Tecnologia LT-Debt-to-Total-Asset Chart

Riba Mundo Tecnologia Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.01 0.06 0.11 0.19 0.31

Riba Mundo Tecnologia Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Jun23 Dec23 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial 0.11 0.19 0.36 0.31 0.27

Riba Mundo Tecnologia LT-Debt-to-Total-Asset Calculation

Riba Mundo Tecnologia's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=34.16/109.012
=0.31

Riba Mundo Tecnologia'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 )
=26.433/97.482
=0.27

* 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.


Riba Mundo Tecnologia  (MIL:RMT) 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.


Riba Mundo Tecnologia LT-Debt-to-Total-Asset Related Terms

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Riba Mundo Tecnologia Business Description

Traded in Other Exchanges
N/A
Address
Street under project N7 sector 10-2, Loriguilla, Valencia, ESP, 46393
Riba Mundo Tecnologia SA is a tech company with legal, operational, and logistics in Valencia, Spain. Currently, the company buys and sells internationally in the B2B segment in the consumer electronics sector. Its business model is based on Omnichannel, Flexibility and Globality. The company has three main operating segments which include Smartphones, Tablets, and Headphones. The majority of the revenue derives from the sale of Mobile phones.