React Gaming Group (TSXV:RGG.H) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2022)

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What is React Gaming Group 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. React Gaming Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.00.

React Gaming Group's long-term debt to total assets ratio declined from Sep. 2021 (0.01) to Sep. 2022 (0.00). It may suggest that React Gaming Group is progressively becoming less dependent on debt to grow their business.

React Gaming Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for React Gaming Group'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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React Gaming Group LT-Debt-to-Total-Asset Chart

React Gaming Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.09

0.26

0.08

0.01

React Gaming Group Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.11	0.11	-

React Gaming Group LT-Debt-to-Total-Asset Calculation

React Gaming Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	0.14	/	14.287
	=	0.01

React Gaming Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )	/	Total Assets (Q: Sep. 2022 )
	=	0.009	/	17.583
	=	0.00

React Gaming Group (TSXV:RGG.H) 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.

React Gaming Group LT-Debt-to-Total-Asset Related Terms

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React Gaming Group (TSXV:RGG.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » React Gaming Group Inc (TSXV:RGG.H) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

6500 Transcanada Highway, Suite 209, St. Laurent, QC, CAN, H4T 1X3

Website

https://www.reactgaming.ca

React Gaming Group Inc is engaged in esports betting. The group is focused on live betting and online gaming.

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