RMCO (Royalty Management Holding) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Royalty Management Holding 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. Royalty Management Holding's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Royalty Management Holding's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.02). It may suggest that Royalty Management Holding is progressively becoming more dependent on debt to grow their business.

Royalty Management Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Royalty Management Holding'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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Royalty Management Holding LT-Debt-to-Total-Asset Chart

Royalty Management Holding Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.69

0.27

0.15

Royalty Management Holding Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					-	0.15	0.16	0.11	0.02

Royalty Management Holding LT-Debt-to-Total-Asset Calculation

Royalty Management Holding'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 )
	=	2.291	/	15.04
	=	0.15

Royalty Management Holding'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 )
	=	0.334	/	15.395
	=	0.02

Royalty Management Holding (NAS:RMCO) 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.

Royalty Management Holding LT-Debt-to-Total-Asset Related Terms

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Royalty Management Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Royalty Management Holding Corp (NAS:RMCO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

12115 Visionary Way, Unit 174, Fishers, IN, USA, 46038

Website

https://www.royaltymgmtcorp.com

Royalty Management Holding Corp formed to invest or purchase assets that have current or near-term income to provide the company with accretive cash flow from which it can reinvest in new assets or expand cash flow from existing assets. These assets typically are natural resources assets (including real estate and mining permits), patents, intellectual property, and emerging technologies.

Executives

Thomas M. Sauve	director	8856 SOUTH STREET, FISHERS IN 46038
Aqr Arbitrage Llc	10 percent owner	ONE GREENWICH PLAZA, GREENWICH CT 06830
Aqr Capital Management Llc	10 percent owner	ONE GREENWICH PLAZA, GREENWICH CT 06830
Aqr Capital Management Holdings, Llc	10 percent owner	ONE GREENWICH PLAZA, GREENWICH CT 06830
Mark C. Jensen	director, officer: Chairman and CEO	8856 SOUTH STREET, FISHERS IN 46038
Kirk Patrick Taylor	director, officer: President and CFO	8856 SOUTH STREET, FISHERS IN 46038