RYMM (Royal Mines & Minerals) LT-Debt-to-Total-Asset: 19.48 (As of Jul. 2017)

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What is Royal Mines & Minerals LT-Debt-to-Total-Asset?

Royal Mines & Minerals RYMM -99.50% LT-Debt-to-Total-Asset is 19.48 as of Jul. 2017.

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. Royal Mines & Minerals's long-term debt to total assests ratio for the quarter that ended in Jul. 2017 was 19.48.

Royal Mines & Minerals's long-term debt to total assets ratio increased from Jul. 2016 (0.00) to Jul. 2017 (19.48). It may suggest that Royal Mines & Minerals is progressively becoming more dependent on debt to grow their business.

Royal Mines & Minerals  (OTCPK:RYMM) 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.

Royal Mines & Minerals LT-Debt-to-Total-Asset Related Terms

Royal Mines & Minerals LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Royal Mines & Minerals'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.

Royal Mines & Minerals LT-Debt-to-Total-Asset Chart

Royal Mines & Minerals Annual Data
Trend Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.00 0.00 0.00 14.54

Royal Mines & Minerals Quarterly Data
Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 14.54 19.48

Royal Mines & Minerals LT-Debt-to-Total-Asset Calculation

Royal Mines & Minerals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2017 is calculated as

LT Debt to Total Assets (A: Apr. 2017 )=Long-Term Debt & Capital Lease Obligation (A: Apr. 2017 )/Total Assets (A: Apr. 2017 )
=1.149/0.079
=

Royal Mines & Minerals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2017 is calculated as

LT Debt to Total Assets (Q: Jul. 2017 )=Long-Term Debt & Capital Lease Obligation (Q: Jul. 2017 )/Total Assets (Q: Jul. 2017 )
=1.149/0.059
=

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 19.48 mean?
Royal Mines & Minerals (RYMM) has a LT-Debt-to-Total-Asset of 19.48 as of Jul. 2017. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Royal Mines & Minerals and its competitors.
Is Royal Mines & Minerals' LT-Debt-to-Total-Asset too high?
Royal Mines & Minerals' current LT-Debt-to-Total-Asset is 19.48.
How does Royal Mines & Minerals' LT-Debt-to-Total-Asset compare to competitors?
Royal Mines & Minerals' LT-Debt-to-Total-Asset of 19.48 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Metals & Mining company?
A good LT-Debt-to-Total-Asset depends on the Metals & Mining industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Royal Mines & Minerals and its competitors. Royal Mines & Minerals's current LT-Debt-to-Total-Asset is 19.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Mines & Minerals stock overvalued right now?
Royal Mines & Minerals (RYMM) has a current LT-Debt-to-Total-Asset of 19.48. The current LT-Debt-to-Total-Asset is 19.48. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Royal Mines & Minerals (RYMM), the current LT-Debt-to-Total-Asset is 19.48 as of Jul. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Royal Mines & Minerals Business Description

Address 1080 Wigwam Parkway, Henderson, NV, USA, 89072
Royal Mines & Minerals Corp is involved in the business of the development of mining technologies for the extraction of precious metals. Its main objectives are to extract and refine precious metals from coal ash, ores, and other leachable assets, use its proprietary processes to create assets and joint venture, acquire and develop mining projects in North America.