NextGen Food Robotics (NEOE:NGRB) Debt-to-Asset : 0.30 (As of Jan. 2024)

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What is NextGen Food Robotics Debt-to-Asset?

NextGen Food Robotics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.16 Mil. NextGen Food Robotics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$1.02 Mil. NextGen Food Robotics's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jan. 2024 was C$3.95 Mil. NextGen Food Robotics's debt to asset for the quarter that ended in Jan. 2024 was 0.30.

NextGen Food Robotics Debt-to-Asset Historical Data

The historical data trend for NextGen Food Robotics'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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NextGen Food Robotics Debt-to-Asset Chart

NextGen Food Robotics Annual Data

Trend

Apr22

Apr23

Debt-to-Asset

0.18

0.09

NextGen Food Robotics Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Asset	Get a 7-Day Free Trial						0.08	0.09	0.05	0.20	0.30

Competitive Comparison of NextGen Food Robotics's Debt-to-Asset

For the Packaged Foods subindustry, NextGen Food Robotics'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.

NextGen Food Robotics's Debt-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, NextGen Food Robotics's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where NextGen Food Robotics's Debt-to-Asset falls into.

NextGen Food Robotics Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

NextGen Food Robotics's Debt-to-Asset for the fiscal year that ended in Apr. 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
	=	(0.063	+	0.158)	/	2.362
	=	0.09

NextGen Food Robotics's Debt-to-Asset for the quarter that ended in Jan. 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
	=	(0.158	+	1.023)	/	3.951
	=	0.30

NextGen Food Robotics (NEOE:NGRB) 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.

NextGen Food Robotics Debt-to-Asset Related Terms

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NextGen Food Robotics (NEOE:NGRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » NextGen Food Robotics Corp (NEOE:NGRB) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

NGRBF:USA O83:Germany

Address

855 Terminal Avenue, Vancouver, BC, CAN, V6A 2M9

Website

https://www.nextgenai.ca

NextGen Food Robotics Corp is a multi-division food manufacturing operation that offers commissary and ghost kitchens, co-pack and private label contract manufacturing, and in-house production of the Company's plant-based brand. Additionally, Nextgen is developing the Lily app, which is an AI-powered food application. The Company has two operating segments: co-packing and manufacturing operations and commissary kitchen operations in Canada.

NextGen Food Robotics (NEOE:NGRB) Headlines

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