Riviera Tool Co (Riviera Tool Co) LT-Debt-to-Total-Asset : 0.48 (As of Nov. 2006)

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What is Riviera Tool Co 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. Riviera Tool Co's long-term debt to total assests ratio for the quarter that ended in Nov. 2006 was 0.48.

Riviera Tool Co's long-term debt to total assets ratio increased from Nov. 2005 (0.44) to Nov. 2006 (0.48). It may suggest that Riviera Tool Co is progressively becoming more dependent on debt to grow their business.

Riviera Tool Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Riviera Tool Co'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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Riviera Tool Co LT-Debt-to-Total-Asset Chart

Riviera Tool Co Annual Data

Trend

Aug97

Aug98

Aug99

Aug00

Aug01

Aug02

Aug03

Aug04

Aug05

Aug06

LT-Debt-to-Total-Asset

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0.25

0.42

0.51

Riviera Tool Co Quarterly Data
	Feb02	May02	Aug02	Nov02	Feb03	May03	Aug03	Nov03	Feb04	May04	Aug04	Nov04	Feb05	May05	Aug05	Nov05	Feb06	May06	Aug06	Nov06
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.44	0.47	0.44	0.51	0.48

Riviera Tool Co LT-Debt-to-Total-Asset Calculation

Riviera Tool Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2006 is calculated as

LT Debt to Total Assets (A: Aug. 2006 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2006 )	/	Total Assets (A: Aug. 2006 )
	=	11.002	/	21.543
	=	0.51

Riviera Tool Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2006 is calculated as

LT Debt to Total Assets (Q: Nov. 2006 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2006 )	/	Total Assets (Q: Nov. 2006 )
	=	9.791	/	20.384
	=	0.48

Riviera Tool Co (OTCPK:RIVT) 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.

Riviera Tool Co LT-Debt-to-Total-Asset Related Terms

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Riviera Tool Co (Riviera Tool Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Riviera Tool Co (OTCPK:RIVT) » Definitions » LT-Debt-to-Total-Asset

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Address

5460 Executive Parkway S.E., Grand Rapids, MI, USA, 49512

Website

http://www.rivieratool.com

Riviera Tool Co designs and manufactures large stamping die systems used to form sheet metal parts. These systems are used by automobile manufacturers to produce automobile and truck body parts such as roofs, hoods, fenders, doors, door frames, structural components, and bumpers. The company's customers include major automobile manufacturers.

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