Rimon Consulting & Managing Services (XTAE:RMON) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is Rimon Consulting & Managing Services 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. Rimon Consulting & Managing Services's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Rimon Consulting & Managing Services's long-term debt to total assets ratio increased from Dec. 2022 (0.10) to Dec. 2023 (0.10). It may suggest that Rimon Consulting & Managing Services is progressively becoming more dependent on debt to grow their business.

Rimon Consulting & Managing Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rimon Consulting & Managing Services'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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Rimon Consulting & Managing Services LT-Debt-to-Total-Asset Chart

Rimon Consulting & Managing Services Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.16

0.10

Rimon Consulting & Managing Services Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.10	0.09	0.09	0.09	0.10

Rimon Consulting & Managing Services LT-Debt-to-Total-Asset Calculation

Rimon Consulting & Managing Services'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 )
	=	113.633	/	1123.659
	=	0.10

Rimon Consulting & Managing Services'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 )
	=	113.633	/	1123.659
	=	0.10

Rimon Consulting & Managing Services (XTAE:RMON) 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.

Rimon Consulting & Managing Services LT-Debt-to-Total-Asset Related Terms

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Rimon Consulting & Managing Services (XTAE:RMON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Rimon Consulting & Managing Services Ltd (XTAE:RMON) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

11 Bareket Street, Industrial Park, Caesarea, ISR, 3079543

Website

https://www.rimongrp.com

Rimon Consulting & Managing Services Ltd is engaged in the construction and operation of infrastructure, energy, and water projects.

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