ROMJF (Rubicon Organics) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Rubicon Organics 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. Rubicon Organics's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Rubicon Organics's long-term debt to total assets ratio declined from Sep. 2023 (0.18) to Sep. 2024 (0.00). It may suggest that Rubicon Organics is progressively becoming less dependent on debt to grow their business.

Rubicon Organics LT-Debt-to-Total-Asset Historical Data

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

Rubicon Organics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.16

0.17

Rubicon Organics 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															0.18	-	-	-	-

Rubicon Organics LT-Debt-to-Total-Asset Calculation

Rubicon Organics'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	/	0
	=

Rubicon Organics'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 )
	=	0.03	/	41.087
	=	0.00

Rubicon Organics (OTCPK:ROMJF) 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.

Rubicon Organics LT-Debt-to-Total-Asset Related Terms

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Rubicon Organics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Rubicon Organics Inc (OTCPK:ROMJF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

R07:Germany ROMJ:Canada

Address

744 West Hastings Street, Unit 505, Vancouver, BC, CAN, V6C 1A5

Website

https://www.rubiconorganics.com

Rubicon Organics Inc is engaged in the business of the production and sale of cannabis in Canada. The Company produces and processes organic cannabis at its wholly-owned, federally licensed facility in Delta, British Columbia which it sells under its wholly owned and other licensed brands such as Lab Theory, Wildflower, Homestead Cannabis Supply, 1964 Supply Co, and Simply Bare Organic.