RYAH Group (XCNQ:RYAH) LT-Debt-to-Total-Asset : 1.56 (As of Sep. 2022)

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What is RYAH 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. RYAH Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 1.56.

RYAH Group's long-term debt to total assets ratio increased from Sep. 2021 (0.18) to Sep. 2022 (1.56). It may suggest that RYAH Group is progressively becoming more dependent on debt to grow their business.

RYAH Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for RYAH 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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RYAH Group LT-Debt-to-Total-Asset Chart

RYAH Group Annual Data

Trend

Dec20

Dec21

LT-Debt-to-Total-Asset

2.32

RYAH Group Quarterly Data
	Feb20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.18	-	-	0.71	1.56

RYAH Group LT-Debt-to-Total-Asset Calculation

RYAH 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	/	0.628
	=	0.00

RYAH 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 )
	=	0.264	/	0.169
	=	1.56

RYAH Group (XCNQ:RYAH) 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.

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RYAH Group (XCNQ:RYAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » RYAH Group Inc (XCNQ:RYAH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

68 34TH STREET, SUITE B421, BROOKLYN, NY, USA, 11232

Website

https://www.ryahgroup.com

RYAH Group Inc is a data technology company in plant-based medicine. Its Artificial Intelligence platform aggregates and correlates HIPAA-compliant dosing data from seed to consumption. This helps the company to conduct predictive analyses to help doctors, researchers, and end-users create personalized dosing regimens that can accurately foresee patient outcomes. the company also provide other products which are smart inhaler system & smart patch system.

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