RDIB (Reading International) LT-Debt-to-Total-Asset : 0.67 (As of Sep. 2024)

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What is Reading International 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. Reading International's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.67.

Reading International's long-term debt to total assets ratio increased from Sep. 2023 (0.65) to Sep. 2024 (0.67). It may suggest that Reading International is progressively becoming more dependent on debt to grow their business.

Reading International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Reading International'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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Reading International LT-Debt-to-Total-Asset Chart

Reading International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.59

0.67

0.66

0.65

0.67

Reading International Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.65	0.67	0.66	0.64	0.67

Reading International LT-Debt-to-Total-Asset Calculation

Reading International'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 )
	=	354.72	/	533.051
	=	0.67

Reading International's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	331.548	/	495.686
	=	0.67

Reading International (NAS:RDIB) 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.

Reading International LT-Debt-to-Total-Asset Related Terms

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Reading International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Reading International Inc (NAS:RDIB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

RDI:USA

Address

189 Second Avenue, Suite 2S, New York, NY, USA, 10003

Website

https://www.readingrdi.com

Reading International Inc is a diversified company, engaged in the development, ownership, and operation of multiplex cinemas and retail and commercial real estate in the United States, Australia, and New Zealand. It operates through two segments: the Cinema segment includes Reading Cinemas, Angelika Film Center, Consolidated Theatres, and City Cinemas; the Real Estate segment includes real estate development and the rental or licensing of retail, commercial, and live theater assets.