Rivalry (TSXV:RVLY) LT-Debt-to-Total-Asset : 3.23 (As of Sep. 2024)

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What is Rivalry 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. Rivalry's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 3.23.

Rivalry's long-term debt to total assets ratio increased from Sep. 2023 (0.02) to Sep. 2024 (3.23). It may suggest that Rivalry is progressively becoming more dependent on debt to grow their business.

Rivalry LT-Debt-to-Total-Asset Historical Data

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

Rivalry Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.03

0.02

0.67

Rivalry Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.02	0.67	0.97	1.81	3.23

Rivalry LT-Debt-to-Total-Asset Calculation

Rivalry'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 )
	=	10.092	/	15.084
	=	0.67

Rivalry's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	11.559	/	3.578
	=	3.23

Rivalry (TSXV:RVLY) 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.

Rivalry LT-Debt-to-Total-Asset Related Terms

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Rivalry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Rivalry Corp (TSXV:RVLY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

RVLCF:USA 9VK:Germany

Address

116 Spadina Avenue, Suite 701, Toronto, ON, CAN, M5V 2K6

Website

https://www.rivalry.com

Rivalry Corp is a Canada based company. The company operates in the Sportsbook segment and Gaming segment. Sportsbook generates revenues from esports and traditional sports betting. Gaming segment revenues are earned from originally developed and third-party casino products such as Rushlane and Aviator.

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