Heritage Cannabis Holding (Heritage Cannabis Holding) Debt-to-Asset : 0.17 (As of Oct. 2023)

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What is Heritage Cannabis Holding Debt-to-Asset?

Heritage Cannabis Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.14 Mil. Heritage Cannabis Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $6.69 Mil. Heritage Cannabis Holding's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Oct. 2023 was $40.73 Mil. Heritage Cannabis Holding's debt to asset for the quarter that ended in Oct. 2023 was 0.17.

Heritage Cannabis Holding Debt-to-Asset Historical Data

The historical data trend for Heritage Cannabis Holding'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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Heritage Cannabis Holding Debt-to-Asset Chart

Heritage Cannabis Holding Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Asset

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0.06

0.12

0.22

0.17

Heritage Cannabis Holding Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Debt-to-Asset	Get a 7-Day Free Trial															0.22	0.23	0.23	0.23	0.17

Competitive Comparison of Heritage Cannabis Holding's Debt-to-Asset

For the Drug Manufacturers - Specialty & Generic subindustry, Heritage Cannabis Holding'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.

Heritage Cannabis Holding's Debt-to-Asset Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Heritage Cannabis Holding's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Heritage Cannabis Holding's Debt-to-Asset falls into.

Heritage Cannabis Holding Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Heritage Cannabis Holding's Debt-to-Asset for the fiscal year that ended in Oct. 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
	=	(0.138	+	6.686)	/	40.733
	=	0.17

Heritage Cannabis Holding's Debt-to-Asset for the quarter that ended in Oct. 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
	=	(0.138	+	6.686)	/	40.733
	=	0.17

Heritage Cannabis Holding (OTCPK:HERTF) 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.

Heritage Cannabis Holding Debt-to-Asset Related Terms

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Heritage Cannabis Holding (Heritage Cannabis Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Heritage Cannabis Holding Corp (OTCPK:HERTF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Bloor Street West, Suite 600, Toronto, ON, CAN, M5S 1M2

Website

https://www.heritagecann.com

Heritage Cannabis Holding Corp is a Canada based holding company, operating in the vertically integrated cannabis business. It cultivates, sells, and distributes medical cannabis and marijuana. The group derives revenue from the sale of goods and provision of services.