THC Biomed International (THC Biomed International) LT-Debt-to-Total-Asset : 0.07 (As of Apr. 2023)

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What is THC Biomed International 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. THC Biomed International's long-term debt to total assests ratio for the quarter that ended in Apr. 2023 was 0.07.

THC Biomed International's long-term debt to total assets ratio declined from Apr. 2022 (0.12) to Apr. 2023 (0.07). It may suggest that THC Biomed International is progressively becoming less dependent on debt to grow their business.

THC Biomed International LT-Debt-to-Total-Asset Historical Data

The historical data trend for THC Biomed International'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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THC Biomed International LT-Debt-to-Total-Asset Chart

THC Biomed International Annual Data

Trend

Sep13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

LT-Debt-to-Total-Asset

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0.04

0.07

0.06

0.10

0.07

THC Biomed International Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.07	0.05	0.07	0.07

THC Biomed International LT-Debt-to-Total-Asset Calculation

THC Biomed International's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2022 is calculated as

LT Debt to Total Assets (A: Jul. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2022 )	/	Total Assets (A: Jul. 2022 )
	=	0.749	/	11.399
	=	0.07

THC Biomed International'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 )
	=	0.723	/	10.176
	=	0.07

THC Biomed International (OTCPK:THCBF) 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.

THC Biomed International LT-Debt-to-Total-Asset Related Terms

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THC Biomed International (THC Biomed International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » THC Biomed International Ltd (OTCPK:THCBF) » Definitions » LT-Debt-to-Total-Asset

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TFHD:Germany THC:Canada

Address

Unit 1 - 2550 Acland Road, Kelowna, BC, CAN, V1X 7L4

Website

https://www.thcbiomed.com

THC Biomed International Ltd operates as a licensed producer under Canada's Marijuana for Medical Purposes Regulations (MMPR). It is also engaged in the research and development of the products and services to medical marihuana. In addition, it is also engaged in providing horticulture training, record keeping and documenting research studies, and analytical services. Geographically all the activities are carried out through the region of Canada.