CordovaCann (XCNQ:CDVA) LT-Debt-to-Total-Asset : 0.32 (As of Jun. 2023)

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What is CordovaCann 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. CordovaCann's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.32.

CordovaCann's long-term debt to total assets ratio increased from Jun. 2021 (0.17) to Jun. 2023 (0.32). It may suggest that CordovaCann is progressively becoming more dependent on debt to grow their business.

CordovaCann LT-Debt-to-Total-Asset Historical Data

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

CordovaCann Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.12

0.20

0.17

0.26

0.32

CordovaCann Semi-Annual Data
	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.20	0.17	0.26	0.32

CordovaCann LT-Debt-to-Total-Asset Calculation

CordovaCann's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	3.316	/	10.264
	=	0.32

CordovaCann'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 )
	=	3.316	/	10.264
	=	0.32

CordovaCann (XCNQ:CDVA) 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.

CordovaCann LT-Debt-to-Total-Asset Related Terms

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CordovaCann (XCNQ:CDVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CordovaCann Corp (XCNQ:CDVA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LVRLF:USA

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V0R2

Website

https://www.cordovacann.com

CordovaCann Corp is a Canadian-domiciled company focused on building a diversified cannabis company. The company provides services and investment capital to the processing and production of vertical markets of the cannabis industry.

Executives

Benjamin Thomas Higham

Director

CordovaCann (XCNQ:CDVA) Headlines

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