Rapid Nutrition (Rapid Nutrition) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Rapid Nutrition 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. Rapid Nutrition's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Rapid Nutrition's long-term debt to total assets ratio declined from Dec. 2022 (0.41) to Dec. 2023 (0.02). It may suggest that Rapid Nutrition is progressively becoming less dependent on debt to grow their business.

Rapid Nutrition LT-Debt-to-Total-Asset Historical Data

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

Rapid Nutrition Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.05

0.27

0.41

0.02

Rapid Nutrition Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.27	0.04	0.41	0.07	0.02

Rapid Nutrition LT-Debt-to-Total-Asset Calculation

Rapid Nutrition'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 )
	=	0.01	/	0.614
	=	0.02

Rapid Nutrition's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.01	/	0.614
	=	0.02

Rapid Nutrition (OTCPK:RPNRF) 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.

Rapid Nutrition LT-Debt-to-Total-Asset Related Terms

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Rapid Nutrition (Rapid Nutrition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Rapid Nutrition PLC (OTCPK:RPNRF) » Definitions » LT-Debt-to-Total-Asset

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0RNS:UK ALRPD:France

Address

124 City Road, London, GBR, EC1V 2NX

Website

https://www.rnplc.com

Rapid Nutrition PLC is a natural healthcare company. The company is engaged in development and distribution of premium, science based health and wellness brands. The company's Flagship brands are, 1) SystemLS; 2) Leisa's Secret and 3) The Plant-Based Bundle.