RF Industries (RF Industries) LT-Debt-to-Total-Asset : 0.37 (As of Jan. 2024)

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What is RF Industries 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. RF Industries's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.37.

RF Industries's long-term debt to total assets ratio increased from Jan. 2023 (0.32) to Jan. 2024 (0.37). It may suggest that RF Industries is progressively becoming more dependent on debt to grow their business.

RF Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for RF Industries'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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RF Industries LT-Debt-to-Total-Asset Chart

RF Industries Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

LT-Debt-to-Total-Asset

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0.04

0.01

0.31

0.37

RF Industries Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.31	0.33	0.37	0.37

RF Industries LT-Debt-to-Total-Asset Calculation

RF Industries's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (A: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2023 )	/	Total Assets (A: Oct. 2023 )
	=	30.005	/	82.278
	=	0.36

RF Industries's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	29.151	/	79.129
	=	0.37

RF Industries (NAS:RFIL) 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.

RF Industries LT-Debt-to-Total-Asset Related Terms

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RF Industries (RF Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » RF Industries Ltd (NAS:RFIL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

RF5:Germany

Address

7610 Miramar Road, Building 6000, San Diego, CA, USA, 92126-4202

Website

https://www.rfindustries.com

RF Industries Ltd is engaged in the design, manufacture, and marketing of interconnect products and systems, including coaxial and specialty cables, fiber optic cables and connectors, and electrical and electronic specialty cables. The company operates through two segments: RF Connector and Cable Assembly, which consists of the Connector and Cable Assembly Division, and Custom Cabling Manufacturing and Assembly, which consists of its subsidiaries. The company has operations in the United States, Canada, Israel, and Mexico.

Executives

Robert D Dawson	officer: President and CEO	7610 MIRAMAR RD., BLDG. 6000, SAN DIEGO CA 92126
Mark Holdsworth	director	140 S. LAKE AVE., STE. 304, PASADENA CA 91101
Kay Lee Tidwell	director	C/O HUDSON PACIFIC PROPERTIES, INC., 11601 WILSHIRE BLVD. SUITE 1600, LOS ANGELES CA 90025
Jason Cohenour	director	47669 FREMONT BLVD, FREMONT CA 94538
Ray Michael Bibisi	officer: Chief Operating Officer	7610 MIRAMAR RD, BLDG 6000, SAN DIEGO CA 92126
Sheryl Lynn Cefali	director	7610 MIRAMAR RD, BLDG 6000, SAN DIEGO CA 92126
Edward Joseph Benoit	director	7610 MIRAMAR ROAD, BUILDING 6000, SAN DIEGO CA 92126
Marvin Fink	director	7610 MIRAMAR RD., SAN DIEGO CA 92126
Howard F Hill	officer: President, CEO	7610 MIRAMAR RD, SUITE 6000, SAN DIEGO CA 92126-4202
Peter Yin	officer: Chief Financial Officer	7610 MIRAMAR ROAD, SUITE 6000, SAN DIEGO CA 92126
Gerald T Garland	director
Mark Turfler	officer: Acting Chief Financial Officer	7610 MIRAMAR ROAD, BUILDING 6000, SAN DIEGO CA 92126
William Reynolds	director	7610 MIRAMAR ROAD, BLDG. 6000, SAN DIEGO CA 92126
Johnny Carl Walker	officer: President	2217 RAVINIA DRIVE, ARLINGTON TX 76012
James Doss	officer: Chief Financial Officer	1 CORPORATE DRIVE, SUITE C, CRANBURY NJ 08512