RMNIW (Rimini Street) LT-Debt-to-Total-Asset : 0.24 (As of Dec. 2024)

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What is Rimini Street 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. Rimini Street's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.24.

Rimini Street's long-term debt to total assets ratio increased from Dec. 2023 (0.18) to Dec. 2024 (0.24). It may suggest that Rimini Street is progressively becoming more dependent on debt to grow their business.

Rimini Street LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rimini Street'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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Rimini Street LT-Debt-to-Total-Asset Chart

Rimini Street Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.06

0.24

0.20

0.18

0.24

Rimini Street Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.20	0.21	0.22	0.24

Rimini Street LT-Debt-to-Total-Asset Calculation

Rimini Street's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	89.251	/	369.063
	=	0.24

Rimini Street's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	89.251	/	369.063
	=	0.24

Rimini Street (OTCPK:RMNIW) 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.

Rimini Street LT-Debt-to-Total-Asset Related Terms

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Rimini Street Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rimini Street Inc (OTCPK:RMNIW) » Definitions » LT-Debt-to-Total-Asset

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RMNI:USA

Address

1700 South Pavilion Center Drive, Suite 330, Las Vegas, NV, USA, 89135

Website

https://www.riministreet.com

Rimini Street Inc and its subsidiaries are providers of end-to-end enterprise software support, products, and services. The Company offers a comprehensive family of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize clients' enterprise applications, database, and technology software platforms. The Company derives revenues from clients by providing subscription support services for enterprise resource planning, customer relationship management, product lifecycle management database, and technology software systems. Geographically, the company generates the majority of its revenue from the United States of America and the International market.