GRAM (Gold Flora) Debt-to-Asset : 0.78 (As of Sep. 2024)

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What is Gold Flora Debt-to-Asset?

Gold Flora's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $30.7 Mil. Gold Flora's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $133.3 Mil. Gold Flora's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $209.7 Mil. Gold Flora's debt to asset for the quarter that ended in Sep. 2024 was 0.78.

Gold Flora Debt-to-Asset Historical Data

The historical data trend for Gold Flora's Debt-to-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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Gold Flora Debt-to-Asset Chart

Gold Flora Annual Data

Trend

Dec22

Dec23

Debt-to-Asset

0.95

0.73

Gold Flora Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial				0.60	0.73	0.73	0.76	0.78

Competitive Comparison of Gold Flora's Debt-to-Asset

For the Tobacco subindustry, Gold Flora's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gold Flora's Debt-to-Asset Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Gold Flora's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Gold Flora's Debt-to-Asset falls into.

Gold Flora Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Gold Flora's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(24.504	+	140.674)	/	226.366
	=	0.73

Gold Flora's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(30.662	+	133.29)	/	209.695
	=	0.78

Gold Flora (OTCPK:GRAM) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Gold Flora Debt-to-Asset Related Terms

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Gold Flora Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Gold Flora Corp (OTCPK:GRAM) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

V96:Germany GRAM:Canada

Address

3165 Red Hill Avenue, Costa Mesa, CA, USA, 92626

Website

https://www.goldflora.com

Gold Flora Corp is one of the few cannabis brands that is vertically integrated and woman-owned and operated. Gold Flora started with a mission to provide an easy and consistent way for consumers to enjoy cannabis. After years of hard work and a shared passion for the plant, Gold Flora has become a California powerhouse - with cultivation, manufacturing, extraction, distribution, retail, and a portfolio of brands that create an array of superior products that make a difference in people's lives. Its products include disposable vape pens and gold flora flowers.