Rambler Metals and Mining (Rambler Metals and Mining) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2022)

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What is Rambler Metals and Mining 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. Rambler Metals and Mining's long-term debt to total assests ratio for the quarter that ended in Jun. 2022 was 0.09.

Rambler Metals and Mining's long-term debt to total assets ratio increased from Jun. 2021 (0.06) to Jun. 2022 (0.09). It may suggest that Rambler Metals and Mining is progressively becoming more dependent on debt to grow their business.

Rambler Metals and Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rambler Metals and Mining'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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Rambler Metals and Mining LT-Debt-to-Total-Asset Chart

Rambler Metals and Mining Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.06

0.03

0.05

0.14

Rambler Metals and Mining Semi-Annual Data
	Jul12	Jan13	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.05	0.06	0.14	0.09

Rambler Metals and Mining LT-Debt-to-Total-Asset Calculation

Rambler Metals and Mining's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	17.798	/	124.32
	=	0.14

Rambler Metals and Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (Q: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2022 )	/	Total Assets (Q: Jun. 2022 )
	=	11.709	/	127.313
	=	0.09

Rambler Metals and Mining (OTCPK:RBMTF) 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.

Rambler Metals and Mining LT-Debt-to-Total-Asset Related Terms

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Rambler Metals and Mining (Rambler Metals and Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rambler Metals and Mining PLC (OTCPK:RBMTF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

3 Sheen Road, Richmond upon Thames, Surrey, GBR, TW9 1AD

Website

https://www.ramblermines.com

Rambler Metals and Mining PLC's principal activity is the development, mining, and exploration of the Project in Newfoundland and Labrador. The company owns an interest in Ming Mine Project which is located on the Baie Verte Peninsula in Canada. Its other properties include Goodyear's Cove which is an integrated concentrate storage and shipping facility and the Nugget Pond property. The company earns most of the revenue from Canada.