GLG Life Tech (GLG Life Tech) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2023)

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What is GLG Life Tech 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. GLG Life Tech's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.03.

GLG Life Tech's long-term debt to total assets ratio declined from Sep. 2022 (0.03) to Sep. 2023 (0.03). It may suggest that GLG Life Tech is progressively becoming less dependent on debt to grow their business.

GLG Life Tech LT-Debt-to-Total-Asset Historical Data

The historical data trend for GLG Life Tech'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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GLG Life Tech LT-Debt-to-Total-Asset Chart

GLG Life Tech Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.01

0.03

GLG Life Tech Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.04	0.10	0.03

GLG Life Tech LT-Debt-to-Total-Asset Calculation

GLG Life Tech's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.492	/	16.891
	=	0.03

GLG Life Tech's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.42	/	15.467
	=	0.03

GLG Life Tech (OTCPK:GLGLF) 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.

GLG Life Tech LT-Debt-to-Total-Asset Related Terms

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GLG Life Tech (GLG Life Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » GLG Life Tech Corp (OTCPK:GLGLF) » Definitions » LT-Debt-to-Total-Asset

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GLG:Canada

Address

10271 Shellbridge Way, Suite 100, Richmond, BC, CAN, V6X 2W8

Website

https://www.glglifetech.com

GLG Life Tech Corp is engaged in the manufacturing and sales of refined forms of stevia and monk fruit. It operates through a single segment of Natural Sweeteners Products. Some of its brands are RebPure, TasteBoost, BevSweet, BakeZeroCal, and GoZero. The company's geographical segments are China and North America, of which the majority of its revenue comes from the North America.