Natural Grocers by Vitamin Cottage (Natural Grocers by Vitamin Cottage) LT-Debt-to-Total-Asset : 0.51 (As of Dec. 2023)

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What is Natural Grocers by Vitamin Cottage 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. Natural Grocers by Vitamin Cottage's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.51.

Natural Grocers by Vitamin Cottage's long-term debt to total assets ratio declined from Dec. 2022 (0.52) to Dec. 2023 (0.51). It may suggest that Natural Grocers by Vitamin Cottage is progressively becoming less dependent on debt to grow their business.

Natural Grocers by Vitamin Cottage LT-Debt-to-Total-Asset Historical Data

The historical data trend for Natural Grocers by Vitamin Cottage'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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Natural Grocers by Vitamin Cottage LT-Debt-to-Total-Asset Chart

Natural Grocers by Vitamin Cottage Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.18

0.54

0.56

0.53

0.49

Natural Grocers by Vitamin Cottage Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.52	0.51	0.51	0.49	0.51

Natural Grocers by Vitamin Cottage LT-Debt-to-Total-Asset Calculation

Natural Grocers by Vitamin Cottage'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 )
	=	329.888	/	669.185
	=	0.49

Natural Grocers by Vitamin Cottage's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	336.435	/	663.157
	=	0.51

Natural Grocers by Vitamin Cottage (NYSE:NGVC) 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.

Natural Grocers by Vitamin Cottage LT-Debt-to-Total-Asset Related Terms

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Natural Grocers by Vitamin Cottage (Natural Grocers by Vitamin Cottage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Natural Grocers by Vitamin Cottage Inc (NYSE:NGVC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N2V:Germany

Address

12612 West Alameda Parkway, Lakewood, CO, USA, 80228

Website

https://www.naturalgrocers.com

Natural Grocers by Vitamin Cottage Inc operates natural and organic grocery and dietary supplement stores. It offers the following product categories, natural and organic food, dietary supplements, natural body care, household, pet care products, books and handouts. The company generates the majority of its revenue from grocery products and dietary supplements and rest from other products.

Executives

Todd Dissinger	officer: Chief Financial Officer	C/O NATURAL GROCERS BY VITAMIN COTTAGE, 12612 W. ALAMEDA PKWY., LAKEWOOD CO 80228
Dyami Isely-parvanta	other: 13D Group Member	12612 WEST ALAMEDA PKWY., LAKEWOOD CO 80228
Zephyr Isely 2012 Irrevocable Family Trust	other: 13D Group Member	PO BOX 260169, LAKEWOOD CO 80226-0169
Elizabeth Isely 2012 Irrevocable Family Trust	other: 13D Group Member	PO BOX 260169, LAKEWOOD CO 80226-0169
Kemper & Virginia Isely 2012 Irrevocable Family Trust	other: 13D Group Member	PO BOX 260169, LAKEWOOD CO 80226-0169
Heather C. Isely 2012 Irrevocable Family Trust	other: 13D Group Member	PO BOX 260169, LAKEWOOD CO 80226-0169
Robert Linnane	other: 13D Group Member	12612 WEST ALAMEDA PARKWAY, LAKEWOOD CO 80228
Charles Isely-rice	other: 13D Group Member	12612 WEST ALAMEDA PKWY, LAKEWOOD CO 80228
David C. Rooney	director	12612 W. ALAMEDA PKWY., LAKEWOOD CO 80228
Ritchie K. Isely	other: 13D Group Member	12612 WEST ALAMEDA PARKWAY, LAKEWOOD CO 80228
Masala Isely-rice	other: 13D Group Member	12612 WEST ALAMEDA PARKWAY, LAKEWOOD CO 80228
Charity Isely	other: 13D Group Member	12612 W. ALAMEDA PARKWAY, LAKEWOOD CO 80228
Sandra Buffa	officer: Chief Financial Officer	12612 W. ALAMEDA PARKWAY, LAKEWOOD CO 80228
Elizabeth Isely	director, officer: Executive Vice President	12612 W. ALAMEDA PARKWAY, LAKEWOOD CO 80228
Kemper Isely	director, officer: Chairman & Co-President	12612 W. ALAMEDA PARKWAY, LAKEWOOD CO 80228