ROIUF (Route1) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Route1 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. Route1's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Route1's long-term debt to total assets ratio declined from Sep. 2023 (0.10) to Sep. 2024 (0.06). It may suggest that Route1 is progressively becoming less dependent on debt to grow their business.

Route1 LT-Debt-to-Total-Asset Historical Data

The historical data trend for Route1'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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Route1 LT-Debt-to-Total-Asset Chart

Route1 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.14

0.09

0.14

0.09

Route1 Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.09	0.08	0.07	0.06

Route1 LT-Debt-to-Total-Asset Calculation

Route1'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 )
	=	0.64	/	7.112
	=	0.09

Route1'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 )
	=	0.399	/	6.587
	=	0.06

Route1 (OTCPK:ROIUF) 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.

Route1 LT-Debt-to-Total-Asset Related Terms

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Route1 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Route1 Inc (OTCPK:ROIUF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

3R6N:Germany ROI:Canada

Address

8 King Street East, Suite 1801, Toronto, ON, CAN, M5C 1B5

Website

https://www.route1.com

Route1 Inc is a North American engineering and professional services company using data capture technologies. It brings security and operations together with real-time actionable intelligence to enhance safety and security, drive greater profitability, and improve operational efficiencies. It has one segment that comprises the sale and distribution of rugged devices, license plate recognition equipment, and secure data access. It has a geographic presence in the USA, Canada, and Others. It generates the majority of its revenue from the USA.