RMA Global (ASX:RMY) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2023)

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What is RMA Global 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. RMA Global's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

RMA Global's long-term debt to total assets ratio declined from Dec. 2022 (0.11) to Dec. 2023 (0.11). It may suggest that RMA Global is progressively becoming less dependent on debt to grow their business.

RMA Global LT-Debt-to-Total-Asset Historical Data

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

RMA Global Annual Data

Trend

Dec17

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.02

0.04

0.09

0.13

0.09

RMA Global Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.11	0.13	0.11	0.09	0.11

RMA Global LT-Debt-to-Total-Asset Calculation

RMA Global's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.74	/	8.59
	=	0.09

RMA Global'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 )
	=	0.668	/	5.963
	=	0.11

RMA Global (ASX:RMY) 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.

RMA Global LT-Debt-to-Total-Asset Related Terms

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RMA Global (ASX:RMY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » RMA Global Ltd (ASX:RMY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

112?114 Balmain Street, Cremorne, Melbourne, VIC, AUS, 3121

Website

https://www.rma-global.com

RMA Global Ltd is an Australia based company. The company is engaged in the online digital marketing business. It provides data on a residential property sale. The company generates revenue from Subscription and Promoter. Geographically, it has a presence in the USA, Australia, and New Zealand. It derives a majority of revenue from Australia.

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