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Reitmans (Canada) (TSXV:RET) LT-Debt-to-Total-Asset : 0.21 (As of Jul. 2024)


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What is Reitmans (Canada) 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. Reitmans (Canada)'s long-term debt to total assests ratio for the quarter that ended in Jul. 2024 was 0.21.

Reitmans (Canada)'s long-term debt to total assets ratio increased from Jul. 2023 (0.16) to Jul. 2024 (0.21). It may suggest that Reitmans (Canada) is progressively becoming more dependent on debt to grow their business.

Reitmans (Canada) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Reitmans (Canada)'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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Reitmans (Canada) LT-Debt-to-Total-Asset Chart

Reitmans (Canada) Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.22 0.10 0.14 0.22

Reitmans (Canada) Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 0.16 0.19 0.22 0.22 0.21

Reitmans (Canada) LT-Debt-to-Total-Asset Calculation

Reitmans (Canada)'s Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )=Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )/Total Assets (A: Jan. 2024 )
=106.265/490.75
=0.22

Reitmans (Canada)'s Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2024 is calculated as

LT Debt to Total Assets (Q: Jul. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jul. 2024 )/Total Assets (Q: Jul. 2024 )
=106.822/519.292
=0.21

* 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.

Reitmans (Canada)  (TSXV:RET) 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.

Reitmans (Canada) LT-Debt-to-Total-Asset Related Terms

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Reitmans (Canada) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Reitmans (Canada) Ltd (TSXV:RET) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
TSX:ROOT XMAD:ITX TJX TSE:9983 ROST LULU BOM:500251 BURL LSE:NXT GAP ANF LSE:JD. TSE:2670 BOOT JSE:MRP TSE:8227 BOM:543426 URBN WAR:CCC TSX:ATZ
Traded in Other Exchanges
RTMNF:USA RTMAF:USA CX40:Germany RET.A:Canada
Address
155 Wellington Street West, 40th Floor, Toronto, ON, CAN, M5V 3J7
Website
https://www.reitmans.com
Reitmans (Canada) Ltd is an apparel retailer based in Canada. Its main business is the sale of ladies' specialty apparel to consumers. The product offering comprises Tops, Bottoms, Dresses, Coats and Jackets, Blazers, Lingerie and Sleepwear, among others. It also sells accessories such as Scarves, Bags, Belts, Sunglasses and others. The company operates an e-commerce website shopping for all its banners. Some of its revenue sources are from the sale of merchandise, customer loyalty award programs and sale of gift cards. The group offers its products through the retail banners of Reitmans, Penningtons and RW & CO. The Company's operating segments, operate in the women apparel business, in Canada.
Executives
Richard Wait Senior Officer

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