Green Scientific Labs Holdings (XCNQ:GSL) LT-Debt-to-Total-Asset : 0.32 (As of Mar. 2023)

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What is Green Scientific Labs Holdings 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. Green Scientific Labs Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.32.

Green Scientific Labs Holdings's long-term debt to total assets ratio declined from Mar. 2022 (0.33) to Mar. 2023 (0.32). It may suggest that Green Scientific Labs Holdings is progressively becoming less dependent on debt to grow their business.

Green Scientific Labs Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Green Scientific Labs Holdings'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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Green Scientific Labs Holdings LT-Debt-to-Total-Asset Chart

Green Scientific Labs Holdings Annual Data

Trend

Apr20

Apr21

Dec22

LT-Debt-to-Total-Asset

0.30

Green Scientific Labs Holdings Quarterly Data
	Jan20	Apr20	Jul20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.33	0.38	0.44	0.30	0.32

Green Scientific Labs Holdings LT-Debt-to-Total-Asset Calculation

Green Scientific Labs Holdings'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 )
	=	2.381	/	7.879
	=	0.30

Green Scientific Labs Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	2.27	/	7.151
	=	0.32

Green Scientific Labs Holdings (XCNQ:GSL) 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.

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Green Scientific Labs Holdings (XCNQ:GSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Scientific Labs Holdings Inc (XCNQ:GSL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4001 SW 47th Avenue, Suite 208, Davie, FL, USA, 33314

Website

https://www.greenscientificlabs.com

Green Scientific Labs Holdings Inc is a cannabis and hemp testing laboratory that operates a Certified Marijuana Testing Laboratory licensed testing lab facility. The Company provides analytical testing services including tests for cannabinoid content (potency), terpene content, water activity, moisture content, pesticides, residual solvents, heavy metals, filth and foreign material, and microbiological contaminants for state-licensed cannabis and hemp growers, product formulators, processors, distributors, and retailers. The Company operates in the Geographical regions of Florida and Arizona in the United States.