The Simply Good Foods Co (The Simply Good Foods Co) LT-Debt-to-Total-Asset : 0.11 (As of Feb. 2024)

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What is The Simply Good Foods Co 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. The Simply Good Foods Co's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.11.

The Simply Good Foods Co's long-term debt to total assets ratio declined from Feb. 2023 (0.19) to Feb. 2024 (0.11). It may suggest that The Simply Good Foods Co is progressively becoming less dependent on debt to grow their business.

The Simply Good Foods Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Simply Good Foods Co'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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The Simply Good Foods Co LT-Debt-to-Total-Asset Chart

The Simply Good Foods Co Annual Data

Trend

Aug16

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

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0.17

0.30

0.22

0.19

0.13

The Simply Good Foods Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.17	0.13	0.13	0.11

The Simply Good Foods Co LT-Debt-to-Total-Asset Calculation

The Simply Good Foods Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	281.649	/	2097.084
	=	0.13

The Simply Good Foods Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	237.641	/	2147.566
	=	0.11

The Simply Good Foods Co (NAS:SMPL) 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.

The Simply Good Foods Co LT-Debt-to-Total-Asset Related Terms

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The Simply Good Foods Co (The Simply Good Foods Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Simply Good Foods Co (NAS:SMPL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

76L:Germany

Address

1225, 17th Street, Suite 1000, Denver, CO, USA, 80202

Website

http://www.thesimplygoodfoodscompany.com

The Simply Good Foods Co is a consumer packaged food and beverage company. It provides low-carbohydrate, high protein bars, shakes, and other products such as confections, chips, and cookies under the Atkins and Quest brands. The company distributes its products in retail channels, predominantly in North America, including grocery, club, and mass merchandise, as well as through e-commerce, convenience, and other channels.

Executives

Susan Hunsberger	officer: SVP and Chief HR Officer	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Heflin Stuart E. Jr.	officer: SVP & General Manager, Quest	1225 17TH ST., SUITE 1000, DENVER CO 80202
Brian K. Ratzan	director	3 GREENWICH OFFICE PARK, 2ND FLOOR, GREENWICH CT 06831
Timothy Richard Kraft	officer: Gen. Counsel & Corp. Secretary	THE SIMPLY GOOD FOODS COMPANY, 1225 17TH STREET, SUITE 1000, DENVER CO 80202
Ryan Thomas	officer: SVP and GM Atkins marketing	1225 17TH ST., SUITE 1000, DENVER CO 80202
Jill M. Short	officer: Chief Customer Officer	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Geoff E Tanner	director, officer: President and COO	ONE STRAWBERRY LANE, ORRVILLE OH 44667
Timothy Allen Matthews	officer: VP, Controller and CAO	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Robert G. Montgomery	director	3 GREENWICH OFFICE PARK, 2ND FLOOR, GREENWICH CT 06831
Jeremy Scott Ivie	officer: Chief Product Tech Officer	1225 17TH ST., SUITE 1000, DENVER CO 80202
Linda Zink	officer: Chief Marketing Officer Quest	1225 17TH ST., SUITE 1000, DENVER CO 80202
Joseph Scalzo	director, officer: CEO and President	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Conyers Park Sponsor Llc	director, 10 percent owner	31 WEST 52ND STREET 22ND FLOOR, NEW YORK NY 10019
C Scott Parker	officer: Chief Marketing Officer	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Joseph J Schena	director	C/O CONYERS PARK II ACQUISITION CORP., 1 GREENWICH OFFICE PARK, 2ND FLOOR, GREENWICH CT 06831