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SMFL (Smart for Life) Debt-to-Asset : 0.74 (As of Dec. 2023)


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What is Smart for Life Debt-to-Asset?

Smart for Life's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10.92 Mil. Smart for Life's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.55 Mil. Smart for Life's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $19.66 Mil. Smart for Life's debt to asset for the quarter that ended in Dec. 2023 was 0.74.

Smart for Life Debt-to-Asset Historical Data

The historical data trend for Smart for Life'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.

* Premium members only.

Smart for Life Debt-to-Asset Chart

Smart for Life Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
1.79 3.36 1.01 0.76 0.74

Smart for Life Quarterly Data
Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.76 0.88 0.56 0.60 0.74

Competitive Comparison of Smart for Life's Debt-to-Asset

For the Packaged Foods subindustry, Smart for Life'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.

Smart for Life's Debt-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Smart for Life's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Smart for Life's Debt-to-Asset falls into.


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Smart for Life Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Smart for Life'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
=(10.915 + 3.549) / 19.659
=0.74

Smart for Life'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
=(10.915 + 3.549) / 19.659
=0.74

* 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.

Smart for Life  (OTCPK:SMFL) 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.

Smart for Life Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Smart for Life's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Smart for Life Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Smart for Life Inc (OTCPK:SMFL) » Definitions » Debt-to-Asset
Comparable Companies
RIBT XSWX:NESN XPAR:BN KHC SHSE:603288 GIS K SHSE:600887 SZSE:300999 NSE:NESTLEIND MKC TSE:2802 LSE:ABF HRL DUB:KRZ SAU:2280 BSP:JBSS3 TPE:1216 SGX:F34 BOM:500825
Traded in Other Exchanges
N/A
Address
990 Biscayne Boulevard, Suite 505, Miami, FL, USA, 33132
Website
https://www.smartforlifecorp.com
Smart for Life Inc is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and related products with an emphasis on health and wellness. It generates revenues by manufacturing and packaging nutraceutical products as a contract manufacturer for customers.
Executives
Trilogy Capital Group, Llc 10 percent owner 10575 NW 37 TERRACE, MIAMI FL 33178
Cervantes Alfonso J. Jr director, 10 percent owner, officer: Executive Chairman C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Arthur S Reynolds director
Ronald S. Altbach director C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Richard M Cohen director C/O CARNEGIE INTERNATIONAL CORP, 11350 MCCORMICK ROAD EXECUTIVE PLAZA #3, HUNT VALLEY MD 21031
Darren C. Minton director, 10 percent owner, officer: President C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Ryan F. Zackon director, officer: Chief Executive Officer C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Alan B. Bergman officer: Chief Financial Officer C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Robert S. Rein director C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132
Wood Roger Conley director C/O SMART FOR LIFE, INC., 990 BISCAYNE BLVD., SUITE 503, MIAMI FL 33132