GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Royal Helium Ltd (OTCPK:RHCCF) » Definitions » LT-Debt-to-Total-Asset

RHCCF (Royal Helium) LT-Debt-to-Total-Asset : 0.27 (As of Sep. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Royal Helium 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. Royal Helium's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.27.

Royal Helium's long-term debt to total assets ratio declined from Sep. 2023 (0.33) to Sep. 2024 (0.27). It may suggest that Royal Helium is progressively becoming less dependent on debt to grow their business.

Royal Helium LT-Debt-to-Total-Asset Historical Data

The historical data trend for Royal Helium'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.

* Premium members only.

Royal Helium LT-Debt-to-Total-Asset Chart

Royal Helium Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.33

Royal Helium 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.33 0.33 0.37 0.29 0.27

Royal Helium LT-Debt-to-Total-Asset Calculation

Royal Helium'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 )
=22.832/68.437
=0.33

Royal Helium'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 )
=17.719/64.641
=0.27

* 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.

Royal Helium  (OTCPK:RHCCF) 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.

Royal Helium LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Royal Helium's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Royal Helium Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Royal Helium Ltd (OTCPK:RHCCF) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
TSXV:PWH TSXV:FHR TSXV:PCQ TSXV:HPL XCNQ:BRS XCNQ:TCF TSXV:PUL TSXV:NZ TSXV:SPI TSXV:CEQ COP HKSE:00883 EOG TSX:CNQ OXY HES FANG MIC:NVTK TPL EQT
Traded in Other Exchanges
RD31:Germany RHC.H:Canada
Address
224, 4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5
Website
https://www.royalheliumltd.com
Royal Helium Ltd is focused on the exploration and development of primary helium production in southern Saskatchewan. Royal is the helium leaseholder in North America. Located next to highways, roads, and cities, and importantly close to existing oil and gas infrastructure, the company's projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists, and engineers. The company's project includes Saskatchewan Helium Play Elements for Success.