Roebuck Food Group (LSE:RFG) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is Roebuck Food 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. Roebuck Food Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

Roebuck Food Group's long-term debt to total assets ratio increased from Dec. 2022 (0.07) to Dec. 2023 (0.08). It may suggest that Roebuck Food Group is progressively becoming more dependent on debt to grow their business.

Roebuck Food Group LT-Debt-to-Total-Asset Historical Data

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

Roebuck Food Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.15

0.06

0.07

0.08

Roebuck Food Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.08	0.07	0.08	0.08

Roebuck Food Group LT-Debt-to-Total-Asset Calculation

Roebuck Food Group'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 )
	=	0.932	/	12.507
	=	0.07

Roebuck Food Group'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 )
	=	0.932	/	12.507
	=	0.07

Roebuck Food Group (LSE:RFG) 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.

Roebuck Food Group LT-Debt-to-Total-Asset Related Terms

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Roebuck Food Group (LSE:RFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Roebuck Food Group PLC (LSE:RFG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Carrivekeeney Road, Co.Down, Newry, IRL, BT35 7LU

Website

https://www.roebuckfoodgroup.com

Roebuck Food Group PLC is a warehousing company serving the food manufacturing, distribution, and retailing sectors. Its segments include Product Sourcing Business and Dairy farming. The product sourcing business is a protein sourcing business with a sales footprint across Ireland, the UK, and mainland Europe, expanding into other geographical markets. The dairy business is made up of Cantwellscourt Farm, which is a large A2 milking farm based in Kilkenny, Ireland and Grass 2 Milk which is a value-add functional nutrition business focused on A2 dairy protein with global market potential. It generates maximum revenue from the Product Sourcing Business segment.