Plantable Health (Plantable Health) LT-Debt-to-Total-Asset : 0.39 (As of Jun. 2023)

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What is Plantable Health 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. Plantable Health's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.39.

Plantable Health's long-term debt to total assets ratio increased from Jun. 2022 (0.06) to Jun. 2023 (0.39). It may suggest that Plantable Health is progressively becoming more dependent on debt to grow their business.

Plantable Health LT-Debt-to-Total-Asset Historical Data

The historical data trend for Plantable Health'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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Plantable Health LT-Debt-to-Total-Asset Chart

Plantable Health Annual Data

Trend

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.26

0.03

0.15

Plantable Health Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.06	0.09	0.15	0.24	0.39

Plantable Health LT-Debt-to-Total-Asset Calculation

Plantable Health'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 )
	=	0.108	/	0.71
	=	0.15

Plantable Health's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0.11	/	0.282
	=	0.39

Plantable Health (OTCPK:PLBLF) 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.

Plantable Health LT-Debt-to-Total-Asset Related Terms

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Plantable Health (Plantable Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Plantable Health Inc (OTCPK:PLBLF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1095 W Pender Street, Suite 750, Vancouver, BC, CAN, V6E 2M6

Website

https://www.plantable.com

Plantable Health Inc offers a lifestyle change program that uses the foundations of behavioral psychology, neuroscience, and nutritional science to transform health and wellness and promote healthy weight loss by facilitating, supporting, and empowering customers through the introduction to and adoption of a plant-centric diet. The meal plans offered by the company include The Reboot, The Quickstart and A La Carte.

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