RIV Capital (XCNQ:RIV) LT-Debt-to-Total-Asset : 1.04 (As of Sep. 2024)

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What is RIV Capital 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. RIV Capital's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 1.04.

RIV Capital's long-term debt to total assets ratio increased from Sep. 2023 (0.47) to Sep. 2024 (1.04). It may suggest that RIV Capital is progressively becoming more dependent on debt to grow their business.

RIV Capital LT-Debt-to-Total-Asset Historical Data

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

RIV Capital Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

LT-Debt-to-Total-Asset

0.22

RIV Capital Quarterly Data
	Dec19	Mar20	Jun20	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															0.47	-	0.60	0.63	1.04

RIV Capital LT-Debt-to-Total-Asset Calculation

RIV Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2022 is calculated as

LT Debt to Total Assets (A: Mar. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2022 )	/	Total Assets (A: Mar. 2022 )
	=	101.872	/	463.623
	=

RIV Capital'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 )
	=	176.706	/	169.2
	=	1.04

RIV Capital (XCNQ:RIV) 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.

RIV Capital LT-Debt-to-Total-Asset Related Terms

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RIV Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » RIV Capital Inc (XCNQ:RIV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CNPOF:USA

Address

40 King Street West, Suite 2504, Toronto, ON, CAN, M5H 3Y2

Website

https://www.rivcapital.com

RIV Capital Inc is a venture capital investment and operating platform structured to pursue investment opportunities in the cannabis sector. The company has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the cannabis sector. The investments take the form of production-linked royalties, secured debt, newly formed joint ventures, and a variety of equity and equity-linked instruments.

Executives

David Ernest Vautrin	Senior Officer
Michael Quinn Totzke Ii	Senior Officer
Jason Wild	10% Security Holder
Asha Daniere	Director
Joseph Mimran	Director
Richard P. Mavrinac	Director
Edward James Cirillo Lucarelli	Senior Officer