MJ Harvest (MJ Harvest) LT-Debt-to-Total-Asset : 0.34 (As of Feb. 2023)

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What is MJ Harvest 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. MJ Harvest's long-term debt to total assests ratio for the quarter that ended in Feb. 2023 was 0.34.

MJ Harvest's long-term debt to total assets ratio increased from Feb. 2022 (0.00) to Feb. 2023 (0.34). It may suggest that MJ Harvest is progressively becoming more dependent on debt to grow their business.

MJ Harvest LT-Debt-to-Total-Asset Historical Data

The historical data trend for MJ Harvest'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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MJ Harvest LT-Debt-to-Total-Asset Chart

MJ Harvest Annual Data

Trend

May19

May20

May21

May22

LT-Debt-to-Total-Asset

0.07

MJ Harvest Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													-	0.07	0.42	0.37	0.34

MJ Harvest LT-Debt-to-Total-Asset Calculation

MJ Harvest's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2022 is calculated as

LT Debt to Total Assets (A: May. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2022 )	/	Total Assets (A: May. 2022 )
	=	0.247	/	3.791
	=	0.07

MJ Harvest's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2023 is calculated as

LT Debt to Total Assets (Q: Feb. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2023 )	/	Total Assets (Q: Feb. 2023 )
	=	3.008	/	8.934
	=	0.34

MJ Harvest (OTCPK:MJHI) 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.

MJ Harvest LT-Debt-to-Total-Asset Related Terms

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MJ Harvest (MJ Harvest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » MJ Harvest Inc (OTCPK:MJHI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

9205 West Russell Road, Suite 240, Las Vegas, NV, USA, 89139

Website

https://www.mjharvestinc.com

MJ Harvest Inc cultivates, harvests, manufactures, and sells cannabis products. It also acquires and markets products and technologies that are designed to benefit growers and processors in the horticultural and agricultural industries.

Executives

David Tobias	director	PO BOX 1602, MESQUITE NV 89024
Jerry Cornwell	director, 10 percent owner	14424 SE 78TH WAY, NEW CASTLE WA 98059
Brad E Herr	officer: CFO	5413 S SAYBROOK LANE, SPOKANE WA 99223
Patrick Bilton	director, 10 percent owner, officer: Chief Executive Officer	9205 W RUSSELL ROAD, SUITE 240, LAS VEGAS NV 89139