Richtech Robotics (Richtech Robotics) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Richtech Robotics 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. Richtech Robotics's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Richtech Robotics's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.01). It may suggest that Richtech Robotics is progressively becoming less dependent on debt to grow their business.

Richtech Robotics LT-Debt-to-Total-Asset Historical Data

The historical data trend for Richtech Robotics'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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Richtech Robotics LT-Debt-to-Total-Asset Chart

Richtech Robotics Annual Data

Trend

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

0.07

0.02

Richtech Robotics Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.06	0.05	0.02	0.01	0.01

Richtech Robotics LT-Debt-to-Total-Asset Calculation

Richtech Robotics'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 )
	=	0.154	/	7.853
	=	0.02

Richtech Robotics'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 )
	=	0.091	/	13.221
	=	0.01

Richtech Robotics (NAS:RR) 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.

Richtech Robotics LT-Debt-to-Total-Asset Related Terms

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Richtech Robotics (Richtech Robotics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Richtech Robotics Inc (NAS:RR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4175 Cameron Street, Suite 1, Las Vegas, NV, USA, 89103

Website

https://www.richtechrobotics.com

Richtech Robotics Inc is a developer of new robotic technologies focused on transforming labor-intensive services in hospitality and other sectors currently experiencing unprecedented labor shortages. The company designed, manufacture and sell robots to restaurants, hotels, senior living centers, casinos, factories, movie theaters and other businesses. Its robots perform a variety of services including restaurant running and bussing, hotel room service delivery, floor scrubbing and vacuuming, and beverage and food preparation. The company designs its robots to be friendly, customizable to client environments, and extremely reliable.

Richtech Robotics (Richtech Robotics) Headlines

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