Resources Connection (STU:RCO) LT-Debt-to-Total-Asset : 0.06 (As of Feb. 2025)

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What is Resources Connection 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 Connection's long-term debt to total assests ratio for the quarter that ended in Feb. 2025 was 0.06.

Resources Connection's long-term debt to total assets ratio increased from Feb. 2024 (0.02) to Feb. 2025 (0.06). It may suggest that Resources Connection is progressively becoming more dependent on debt to grow their business.

Resources Connection LT-Debt-to-Total-Asset Historical Data

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

Resources Connection Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

LT-Debt-to-Total-Asset

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0.22

0.12

0.02

Resources Connection Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.04	0.05	0.06

Resources Connection LT-Debt-to-Total-Asset Calculation

Resources Connection's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2024 is calculated as

LT Debt to Total Assets (A: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2024 )	/	Total Assets (A: May. 2024 )
	=	7.942	/	472.595
	=	0.02

Resources Connection's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2025 is calculated as

LT Debt to Total Assets (Q: Feb. 2025 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2025 )	/	Total Assets (Q: Feb. 2025 )
	=	20.409	/	360.6
	=	0.06

Resources Connection (STU:RCO) 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 Connection LT-Debt-to-Total-Asset Related Terms

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Resources Connection Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Resources Connection Inc (STU:RCO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

RGP:USA RCO:Germany

Address

17101 Armstrong Avenue, Irvine, CA, USA, 92614

Website

https://www.rgp.com

Resources Connection Inc provides consulting and business initiative support services predominantly through its operative subsidiary, Resources Global Professionals. It has two segments RGP ( Resources Global Professionals.) and Sitrick. The RGP segment is focused on delivering consulting services catering to its client's operational needs and change initiatives utilizing a combination of bench and on-demand, talent. The Sitrick segment provides corporate, financial, transactional, and crisis communication and management services. The company generates a majority of its revenue from the RGP segment. Geographically, it derives its key revenue from North America and the rest from Europe and the Asia Pacific region.

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