Range Impact (Range Impact) LT-Debt-to-Total-Asset : 0.25 (As of Mar. 2024)

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What is Range Impact 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. Range Impact's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.25.

Range Impact's long-term debt to total assets ratio declined from Mar. 2023 (0.44) to Mar. 2024 (0.25). It may suggest that Range Impact is progressively becoming less dependent on debt to grow their business.

Range Impact LT-Debt-to-Total-Asset Historical Data

The historical data trend for Range Impact'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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Range Impact LT-Debt-to-Total-Asset Chart

Range Impact Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.45

0.22

Range Impact Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.44	0.36	0.31	0.22	0.25

Range Impact LT-Debt-to-Total-Asset Calculation

Range Impact'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 )
	=	5.25	/	23.788
	=	0.22

Range Impact's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	5.096	/	20.814
	=	0.24

Range Impact (OTCPK:RNGE) 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.

Range Impact LT-Debt-to-Total-Asset Related Terms

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Range Impact (Range Impact) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Range Impact Inc (OTCPK:RNGE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Park Avenue, Suite 400, Cleveland, OH, USA, 44122

Website

https://www.rangeimpact.com

Range Impact Inc is dedicated to improving the health and wellness of people and the planet through a novel and innovative approach to impact investing. Range Impact owns and operates several complementary operating businesses focused on developing long-term solutions to environmental, social, and health challenges, with a particular focus on acquiring, reclaiming and repurposing mine sites and other undervalued land in economically disadvantaged communities throughout Appalachia. Range Impact takes an opportunistic approach to impact investing by leveraging its competitive advantages and looking at solving old problems in new ways.

Executives

Edward F Feighan	director	10055 SWEET VALLEY DRIVE, CLEVELAND OH 44125
Michael R. Cavanaugh	director	18545 PARKLAND DRIVE, SHAKER HEIGHTS OH 44122
Joseph E. Loconti	10 percent owner	6140 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
Indemnity National Insurance Co	10 percent owner	238 BEDFORD WAY, FRANKLIN TN 37064
Brandon Joel Zipp	officer: Chief Science Officer	2439 EVERLEY CIRCLE, ROSEVILLE CA 95747
Richard Mckilligan	officer: CFO, Secretary and Counsel	10990 WILSHIRE BOULEVARD, STE 1410, LOS ANGELES CA 90024
Richard F Celeste	director	C/O GLIMCHER REALTY TRUST, 180 EAST BROAD STREET, COLUMBUS OH 43215
Maida Anthony E Iii	director	157 TECHNOLOGY DR, IRVINE CA 92618
Robert T. Brooke	officer: VP of Business Devevlopment	1601 N. SEPULVEDA BLVD., #632, MANHATTAN BEACH CA 90266
Avtar S Dhillon	director, 10 percent owner, officer: President,CEO,CFO,Sec and Tres	C/O GENETRONICS INC, 11199 SORRENTO VALLEY ROAD, SAN DIEGO CA 92121
Tao Chen	director, 10 percent owner, officer: President	SUITE 403, 2-46 DEZHENNAN ROAD, GUANGZHOU CITY, GUANGDONG PROV F4 111111111