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SBBCF (Simply Better Brands) Debt-to-Asset : 0.32 (As of Jun. 2024)


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What is Simply Better Brands Debt-to-Asset?

Simply Better Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $4.10 Mil. Simply Better Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $1.09 Mil. Simply Better Brands's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was $16.13 Mil. Simply Better Brands's debt to asset for the quarter that ended in Jun. 2024 was 0.32.


Simply Better Brands Debt-to-Asset Historical Data

The historical data trend for Simply Better Brands'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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Simply Better Brands Debt-to-Asset Chart

Simply Better Brands Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
0.03 1.36 0.95 0.52 1.00

Simply Better Brands Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.49 0.39 1.00 0.99 0.32

Competitive Comparison of Simply Better Brands's Debt-to-Asset

For the Drug Manufacturers - Specialty & Generic subindustry, Simply Better Brands'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.


Simply Better Brands's Debt-to-Asset Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Simply Better Brands's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Simply Better Brands's Debt-to-Asset falls into.



Simply Better Brands Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Simply Better Brands'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
=(18.888 + 0.552) / 19.539
=0.99

Simply Better Brands's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

* 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.


Simply Better Brands  (OTCPK:SBBCF) 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.


Simply Better Brands Debt-to-Asset Related Terms

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Simply Better Brands Business Description

Traded in Other Exchanges
Address
595 Howe Street, Suite 206, Vancouver, BC, CAN, V6C 2T5
Simply Better Brands Corp is promoting healthy and active lifestyles. In addition to expanding its majority-owned CBD subsidiary brand, PureKana, the company has announced strategic acquisitions in industry health, wellness, beauty, pet and lifestyle brands and companies. The Company operates in one reportable segment being the sale of consumer health and wellness products with sales principally generated from the United States.