Rockwell Land (PHS:ROCK) LT-Debt-to-Total-Asset : 0.33 (As of Mar. 2024)

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What is Rockwell Land 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. Rockwell Land's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.33.

Rockwell Land's long-term debt to total assets ratio declined from Mar. 2023 (0.35) to Mar. 2024 (0.33). It may suggest that Rockwell Land is progressively becoming less dependent on debt to grow their business.

Rockwell Land LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rockwell Land'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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Rockwell Land LT-Debt-to-Total-Asset Chart

Rockwell Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.33

0.29

0.36

0.33

0.32

Rockwell Land Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.35	0.34	0.33	0.32	0.33

Rockwell Land LT-Debt-to-Total-Asset Calculation

Rockwell Land'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 )
	=	23695.439	/	74597.047
	=	0.32

Rockwell Land's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	25968	/	79028
	=	0.33

Rockwell Land (PHS:ROCK) 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.

Rockwell Land LT-Debt-to-Total-Asset Related Terms

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Rockwell Land (PHS:ROCK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rockwell Land Corp (PHS:ROCK) » Definitions » LT-Debt-to-Total-Asset

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Address

8 Rockwell, Hidalgo Center, Rockwell Center, 2nd Floor, Metro Manila, Makati, RIZ, PHL, 1200

Website

https://www.e-rockwell.com

Rockwell Land Corp engages in the real estate development of residential and commercial properties. It operates through the following business segments: Residential Development, Commercial Development, and Hotel Operations. The Residential Development segment which earns the majority of revenue involves the development, sale, and property management of all residential units under the Rockwell and Primaries brands. Its Commercial Development segment develops, leases, and manages its retail and office developments. The Hotel Operations segment engages in the lease of serviced apartments and management of hotel and resort operations.