Canada House Wellness Group (Canada House Wellness Group) LT-Debt-to-Total-Asset : 0.37 (As of Apr. 2023)

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What is Canada House Wellness Group 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. Canada House Wellness Group's long-term debt to total assests ratio for the quarter that ended in Apr. 2023 was 0.37.

Canada House Wellness Group's long-term debt to total assets ratio declined from Oct. 2021 (0.51) to Apr. 2023 (0.37). It may suggest that Canada House Wellness Group is progressively becoming less dependent on debt to grow their business.

Canada House Wellness Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Canada House Wellness Group'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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Canada House Wellness Group LT-Debt-to-Total-Asset Chart

Canada House Wellness Group Annual Data

Trend

Mar12

Mar13

Mar14

Jul15

Jul16

Apr17

Apr18

Apr19

Apr20

Apr21

LT-Debt-to-Total-Asset

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0.10

0.11

0.04

0.38

0.44

Canada House Wellness Group Quarterly Data
	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Oct22	Jan23	Apr23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.51	0.53	0.41	0.37	0.37

Canada House Wellness Group LT-Debt-to-Total-Asset Calculation

Canada House Wellness Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2021 is calculated as

LT Debt to Total Assets (A: Apr. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2021 )	/	Total Assets (A: Apr. 2021 )
	=	12.906	/	29.608
	=	0.44

Canada House Wellness Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2023 is calculated as

LT Debt to Total Assets (Q: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2023 )	/	Total Assets (Q: Apr. 2023 )
	=	11.943	/	32.615
	=	0.37

Canada House Wellness Group (OTCPK:SARSF) 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.

Canada House Wellness Group LT-Debt-to-Total-Asset Related Terms

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Canada House Wellness Group (Canada House Wellness Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Canada House Wellness Group Inc (OTCPK:SARSF) » Definitions » LT-Debt-to-Total-Asset

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Address

551 Rue, Saint Marc, Louiseville, Quebec, QC, CAN, J5V 2L4

Website

https://canadahouse.ca/

Canada House Cannabis Group Inc is a licensed producer that produces high quality medical grade cannabis. IsoCanMed Inc, a Licensed Producer in Louiseville, Quebec growing indoor cannabis, production facility employing state of the art vertical, aeroponic production methodologies; Canada House Clinics Inc, with clinics across the country that work directly with primary care teams to provide specialized cannabinoid therapy services to patients suffering from simple and complex medical conditions; and Knalysis Technologies, a provider of fully customizable, cloud-based software that links physician, provider, and patient to data that supports treatment with medical cannabis; Margaree Health Group a medical cannabis clinic.

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