Ralco Agencies (XTAE:RLCO) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Ralco Agencies 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. Ralco Agencies's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Ralco Agencies's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Dec. 2023 (0.01). It may suggest that Ralco Agencies is progressively becoming less dependent on debt to grow their business.

Ralco Agencies LT-Debt-to-Total-Asset Historical Data

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

Ralco Agencies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.01

0.03

0.02

0.01

Ralco Agencies Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.01	0.01

Ralco Agencies LT-Debt-to-Total-Asset Calculation

Ralco Agencies'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 )
	=	1.752	/	148.126
	=	0.01

Ralco Agencies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1.752	/	148.126
	=	0.01

Ralco Agencies (XTAE:RLCO) 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.

Ralco Agencies LT-Debt-to-Total-Asset Related Terms

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Ralco Agencies (XTAE:RLCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ralco Agencies Ltd (XTAE:RLCO) » Definitions » LT-Debt-to-Total-Asset

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N/A

Address

31 Hametzuda Street, Azur, ISR, 58001

Website

http://www.ralco.co.il

Ralco Agencies Ltd is engaged in import & distribution of consumer products manufactured by zanussi sharp and blomberg. It distributes refrigerators, LCD televisions, microwave ovens, dishwashers & built-in ovens, among others. It markets its products to private stores and marketing chains that specialized in the marketing of electrical and electronic products.

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