Ramsdens Holdings (LSE:RFX) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)

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What is Ramsdens Holdings 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. Ramsdens Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

Ramsdens Holdings's long-term debt to total assets ratio declined from Mar. 2023 (0.12) to Mar. 2024 (0.10). It may suggest that Ramsdens Holdings is progressively becoming less dependent on debt to grow their business.

Ramsdens Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ramsdens Holdings'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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Ramsdens Holdings LT-Debt-to-Total-Asset Chart

Ramsdens Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.14

0.12

0.10

Ramsdens Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.12	0.12	0.12	0.10	0.10

Ramsdens Holdings LT-Debt-to-Total-Asset Calculation

Ramsdens Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	7.661	/	74.276
	=	0.10

Ramsdens Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	7.891	/	76.122
	=	0.10

Ramsdens Holdings (LSE:RFX) 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.

Ramsdens Holdings LT-Debt-to-Total-Asset Related Terms

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Ramsdens Holdings (LSE:RFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Ramsdens Holdings PLC (LSE:RFX) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

RSDEF:USA

Address

The Parkway Centre, Unit 16, Coulby Newham, Middlesbrough, GBR, TS8 0TJ

Website

https://www.ramsdensplc.com

Ramsdens Holdings PLC is a diversified financial services provider and retailer operating in the following core segments - Foreign currency segment which comprises the sale and purchase of foreign currency notes to holidaymakers; Pawnbroking segment, which involves providing a cash loan in return for jewellery and watches; Purchases of precious metals segment, involves buying unwanted jewellery, gold, and other precious metals from customers for cash; Retail Jewellery segment and Income from other financial services. Maximum revenue is generated by the Retail Jewellery segment. Geographically, it derives a majority of revenue from the United Kingdom.

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