INDVR Brands (XCNQ:IDVR) Debt-to-Asset : 0.30 (As of Oct. 2021)

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What is INDVR Brands Debt-to-Asset?

INDVR Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2021 was C$2.14 Mil. INDVR Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2021 was C$3.50 Mil. INDVR Brands's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Oct. 2021 was C$18.80 Mil. INDVR Brands's debt to asset for the quarter that ended in Oct. 2021 was 0.30.

INDVR Brands Debt-to-Asset Historical Data

The historical data trend for INDVR Brands's Debt-to-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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INDVR Brands Debt-to-Asset Chart

INDVR Brands Annual Data

Trend

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Debt-to-Asset

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75.00

96.00

0.28

0.44

INDVR Brands Quarterly Data
	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21
Debt-to-Asset	Get a 7-Day Free Trial															0.41	0.44	0.45	0.30	0.30

Competitive Comparison of INDVR Brands's Debt-to-Asset

For the Drug Manufacturers - Specialty & Generic subindustry, INDVR Brands's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

INDVR Brands's Debt-to-Asset Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, INDVR Brands's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where INDVR Brands's Debt-to-Asset falls into.

INDVR Brands Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

INDVR Brands's Debt-to-Asset for the fiscal year that ended in Jan. 2021 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.622	+	2.574)	/	9.474
	=	0.44

INDVR Brands's Debt-to-Asset for the quarter that ended in Oct. 2021 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2.139	+	3.504)	/	18.798
	=	0.30

INDVR Brands (XCNQ:IDVR) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

INDVR Brands Debt-to-Asset Related Terms

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INDVR Brands (XCNQ:IDVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » INDVR Brands Inc (XCNQ:IDVR) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/O Fasken Martineau DuMoulin LLP, 350 7 Avenue SW, Suite 3400, ATTN Willian DeJong, Calgary, AB, CAN, T2P 3N9

Website

https://www.indvr-brands.com

INDVR Brands Inc is focused on providing personnel and management resources as well as infrastructure and equipment for use in the production, cultivation and dispensary operations of licensed cannabis businesses. It provides support services to licensed cannabis businesses.

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