RANKF (Rank Group (The)) LT-Debt-to-Total-Asset : 0.20 (As of Dec. 2024)

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What is Rank Group (The) 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. Rank Group (The)'s long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.20.

Rank Group (The)'s long-term debt to total assets ratio increased from Dec. 2023 (0.00) to Dec. 2024 (0.20). It may suggest that Rank Group (The) is progressively becoming more dependent on debt to grow their business.

Rank Group (The) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rank Group (The)'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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Rank Group (The) LT-Debt-to-Total-Asset Chart

Rank Group (The) Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.32

0.28

0.22

0.17

0.21

Rank Group (The) Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.17	-	0.21	0.20

Rank Group (The) LT-Debt-to-Total-Asset Calculation

Rank Group (The)'s Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	190.712	/	931.934
	=	0.20

Rank Group (The)'s Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	184.956	/	931.858
	=	0.20

Rank Group (The) (OTCPK:RANKF) 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.

Rank Group (The) LT-Debt-to-Total-Asset Related Terms

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Rank Group (The) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Rank Group (The) PLC (OTCPK:RANKF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

RNKl:UK RNK:UK RNKA:Germany

Address

TOR, Saint-Cloud Way, Maidenhead, GBR, SL6 8BN

Website

https://www.rank.com

Rank Group (The) PLC is a gambling company with five primary business segments: Grosvenor Venues, Mecca Venues, Digital, Enracha Venues, and Central Costs. Its highest revenue producer is Grosvenor Casinos, a multichannel casino operator in the United Kingdom, which operates a variety of casino and slot machine games. Mecca offers bingo, gaming machines, great value food and drink, and live entertainment. Enracha is Rank's community gaming business for the Spanish market. Rank's digital business segment includes Mecca and Grosvenor for the UK market and Yo for the Spanish market and also operates over 80 UK digital-only brands via its proprietary technology platform and third-party platforms. The company generates the majority of its revenue in the United Kingdom.