Resources Global Development (SGX:V7R) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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

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

Resources Global Development LT-Debt-to-Total-Asset Historical Data

The historical data trend for Resources Global Development'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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Resources Global Development LT-Debt-to-Total-Asset Chart

Resources Global Development Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.10

0.03

0.02

Resources Global Development Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.03	0.03	0.02	0.02	0.02

Resources Global Development LT-Debt-to-Total-Asset Calculation

Resources Global Development'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 )
	=	2.346	/	120.836
	=	0.02

Resources Global Development'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 )
	=	2.346	/	120.836
	=	0.02

Resources Global Development (SGX:V7R) 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.

Resources Global Development LT-Debt-to-Total-Asset Related Terms

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Resources Global Development (SGX:V7R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Resources Global Development Ltd (SGX:V7R) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

144 Robinson Road, No. 11-02 Robinson Square, Singapore, SGP, 068908

Website

https://www.rgd.sg

Resources Global Development Ltd is engaged in the procurement and sale of coal within Indonesia. The company provides chartering services of tugboats, barges and bulk carriers to its customers to transport coal within the Indonesian territories. Through its subsidiary, it procures a supply of thermal coal from coal mines located in South Kalimantan, Indonesia for domestic sales. It operates Coal Shipping Services through its subsidiary, which covers domestic shipping routes mainly between coal mines located in South Kalimantan to the Java and Sulawesi islands in Indonesia. The company's coal shipping services include chartering services and transshipment services.

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