Richards Packagingome Fund (TSX:RPI.UN) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Richards Packagingome Fund 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. Richards Packagingome Fund's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Richards Packagingome Fund's long-term debt to total assets ratio declined from Mar. 2023 (0.25) to Mar. 2024 (0.12). It may suggest that Richards Packagingome Fund is progressively becoming less dependent on debt to grow their business.

Richards Packagingome Fund LT-Debt-to-Total-Asset Historical Data

The historical data trend for Richards Packagingome Fund'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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Richards Packagingome Fund LT-Debt-to-Total-Asset Chart

Richards Packagingome Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.19

0.16

0.27

0.15

Richards Packagingome Fund Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.22	0.19	0.15	0.12

Richards Packagingome Fund LT-Debt-to-Total-Asset Calculation

Richards Packagingome Fund'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 )
	=	46.488	/	318.203
	=	0.15

Richards Packagingome Fund'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 )
	=	38.396	/	308.817
	=	0.12

Richards Packagingome Fund (TSX:RPI.UN) 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.

Richards Packagingome Fund LT-Debt-to-Total-Asset Related Terms

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Richards Packagingome Fund (TSX:RPI.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Richards Packaging Income Fund (TSX:RPI.UN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

RPKIF:USA

Address

6095 Ordan Drive, Mississauga, ON, CAN, L5T 2M7

Website

https://www.richardspackaging.com

Richards Packaging Income Fund is involved in packaging distribution businesses. The company principally distributes plastic and glass containers and associated closures. It is used in packaging for cosmetics, healthcare, food, beverage, and other products. Geographically, it derives a majority of its revenue from Canada.

Richards Packagingome Fund (TSX:RPI.UN) Headlines

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