RM2 International (RM2 International) LT-Debt-to-Total-Asset : 0.66 (As of Jun. 2020)

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What is RM2 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. RM2 International's long-term debt to total assests ratio for the quarter that ended in Jun. 2020 was 0.66.

RM2 International's long-term debt to total assets ratio increased from Sep. 2018 (0.44) to Jun. 2020 (0.66). It may suggest that RM2 International is progressively becoming more dependent on debt to grow their business.

RM2 International LT-Debt-to-Total-Asset Historical Data

The historical data trend for RM2 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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RM2 International LT-Debt-to-Total-Asset Chart

RM2 International Annual Data

Trend

Dec10

Dec11

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

LT-Debt-to-Total-Asset

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0.32

0.45

0.42

0.66

RM2 International Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Jun20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.44	0.46	0.51	0.66	0.66

RM2 International LT-Debt-to-Total-Asset Calculation

RM2 International's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2020 is calculated as

LT Debt to Total Assets (A: Jun. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2020 )	/	Total Assets (A: Jun. 2020 )
	=	35.665	/	54.281
	=	0.66

RM2 International's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2020 is calculated as

LT Debt to Total Assets (Q: Jun. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2020 )	/	Total Assets (Q: Jun. 2020 )
	=	35.665	/	54.281
	=

RM2 International (OTCPK:RMTO) 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.

RM2 International LT-Debt-to-Total-Asset Related Terms

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RM2 International (RM2 International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » RM2 International Inc (OTCPK:RMTO) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

810 Flightline Boulevard, Deland, FL, USA, 32724

Website

https://www.rm2.com

RM2 International Inc leases robust composite pallets to replace wooden pallets, including smart Internet of Things (IoT) technologies, to improve logistics. In every BLOCKPal pallet, embedded IoT sensors capture location, temperature, shock & tilt, and movement. Sensor data is transmitted via a high-speed LTE-M network to RM2's secure cloud database. RM2 issues, retrieves, and sanitizes more than 1.5 million of its hygienic IoT pallets annually through a nationwide network of over 30 service facilities in a cost-effective, scalable, and environmentally sustainable pallet pooling system.

Executives

Brian Knaley	other: Former Officer	C/O ARC GROUP WORLDWIDE, INC., 810 FLIGHTLINE BLVD., DELAND FL 32724
Everest Hill Group Inc.	10 percent owner	TROPIC ISLE BUILDING, P O BOX 3331, ROAD TOWN TORTOLA D8 VG 1110
Alan G Quasha	director	127 EAST 73RD STREET, NEW YORK NY 10021
Theodore Deinard	other: Former Interim CEO, CFO, & Dir	C/O ARC WIRELESS SOLUTIONS, INC., 6330 NORTH WASHINGTON ST., SUITE 13, DENVER CO 80216
Javier Baz	director	1100 HUMBOLDT STREET, DENVER CO 80218
Robert E Wade	director	C/O FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Randall P Marx	director, officer: CEO, President & Secretary
Monty R Lamirato	officer: CFO