Reka Industrial (OHEL:REKA) LT-Debt-to-Total-Asset : 0.08 (As of Jun. 2024)

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What is Reka Industrial 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. Reka Industrial's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.08.

Reka Industrial's long-term debt to total assets ratio increased from Jun. 2023 (0.07) to Jun. 2024 (0.08). It may suggest that Reka Industrial is progressively becoming more dependent on debt to grow their business.

Reka Industrial LT-Debt-to-Total-Asset Historical Data

The historical data trend for Reka Industrial'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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Reka Industrial LT-Debt-to-Total-Asset Chart

Reka Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.34

0.27

0.16

0.07

Reka Industrial Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.16	0.07	0.07	0.08

Reka Industrial LT-Debt-to-Total-Asset Calculation

Reka Industrial'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 )
	=	4.818	/	71.555
	=	0.07

Reka Industrial'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 )
	=	4.675	/	61.936
	=

Reka Industrial (OHEL:REKA) 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.

Reka Industrial LT-Debt-to-Total-Asset Related Terms

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Reka Industrial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Reka Industrial PLC (OHEL:REKA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kankurinkatu 4-6, Hyvinkaa, FIN, 05800

Website

https://www.rekaindustrial.fi

Reka Industrial PLC is an industrial company. The firm is committed to the long-term development of the performance and sustainable development of the companies it owns. Through the Group companies, the company is involved in the transformation of both the energy and vehicle industries. Its segments are Cable Industry and Rubber Industry. The Rubber Industry segment is the only industrial business segment of the company.

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