IBG (Innovation Beverage Group) Debt-to-Asset : 0.34 (As of Dec. 2023)

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What is Innovation Beverage Group Debt-to-Asset?

Innovation Beverage Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.66 Mil. Innovation Beverage Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Innovation Beverage Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $4.93 Mil. Innovation Beverage Group's debt to asset for the quarter that ended in Dec. 2023 was 0.34.

Innovation Beverage Group Debt-to-Asset Historical Data

The historical data trend for Innovation Beverage Group'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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Innovation Beverage Group Debt-to-Asset Chart

Innovation Beverage Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.22

0.17

0.39

0.34

Innovation Beverage Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial			0.17	0.17	0.39	0.36	0.34

Competitive Comparison of Innovation Beverage Group's Debt-to-Asset

For the Beverages - Wineries & Distilleries subindustry, Innovation Beverage Group'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.

Innovation Beverage Group's Debt-to-Asset Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Innovation Beverage Group's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Innovation Beverage Group's Debt-to-Asset falls into.

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Innovation Beverage Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Innovation Beverage Group'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
	=	(1.663	+	0)	/	4.932
	=	0.34

Innovation Beverage Group's Debt-to-Asset for the quarter 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
	=	(1.663	+	0)	/	4.932
	=	0.34

Innovation Beverage Group (NAS:IBG) 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.

Innovation Beverage Group Debt-to-Asset Related Terms

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Innovation Beverage Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Innovation Beverage Group Ltd (NAS:IBG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Anvil Road, Seven Hills, NSW, AUS, 2147

Website

Innovation Beverage Group Ltd is a developer, manufacturer, marketer, exporter and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands. The company's focus is on premium and super premium brands.