TOBAF (TAAT Global Alternatives) Debt-to-Asset : 0.53 (As of Jul. 2024)

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TOBAF TAAT Global Alternatives Inc TOBAF
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What is TAAT Global Alternatives Debt-to-Asset?

TAAT Global Alternatives TOBAF 10 Debt-to-Asset is 0.53 as of Jul. 2024. GuruFocus rates TOBAF with a GF Score™ of 10/100.

TAAT Global Alternatives's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $3.91 Mil. TAAT Global Alternatives's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $0.22 Mil. TAAT Global Alternatives's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jul. 2024 was $7.75 Mil. TAAT Global Alternatives's debt to asset for the quarter that ended in Jul. 2024 was 0.53.

TAAT Global Alternatives  (OTCPK:TOBAF) 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.

TAAT Global Alternatives Debt-to-Asset Related Terms

TAAT Global Alternatives Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for TAAT Global Alternatives'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.

TAAT Global Alternatives Debt-to-Asset Chart

TAAT Global Alternatives Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.02 0.21 0.39 0.64

TAAT Global Alternatives Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 0.64 0.66 0.56 0.53

TOBAF vs VPRB, XXII, CBDW: Debt-to-Asset Comparison

For the Tobacco subindustry, TAAT Global Alternatives'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.

TAAT Global Alternatives Debt-to-Asset vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, TAAT Global Alternatives's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where TAAT Global Alternatives's Debt-to-Asset falls into.


TOBAF
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TAAT Global Alternatives Inc TOBAF
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TAAT Global Alternatives Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

TAAT Global Alternatives'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
=(4.356 + 1.944) / 9.789
=0.64

TAAT Global Alternatives's Debt-to-Asset for the quarter that ended in Jul. 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
=(3.909 + 0.219) / 7.746
=0.53

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.53 mean?
TAAT Global Alternatives (TOBAF) has a Debt-to-Asset of 0.53 as of Jul. 2024. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on TAAT Global Alternatives and its competitors.
Is TAAT Global Alternatives' Debt-to-Asset too high?
TAAT Global Alternatives' current Debt-to-Asset is 0.53. Overall, TAAT Global Alternatives has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does TAAT Global Alternatives' Debt-to-Asset compare to VPRB and XXII?
TAAT Global Alternatives' Debt-to-Asset of 0.53 can be compared against companies in the Tobacco Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Tobacco Products company?
A good Debt-to-Asset depends on the Tobacco Products industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on TAAT Global Alternatives and its competitors. TAAT Global Alternatives's current Debt-to-Asset is 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAAT Global Alternatives stock overvalued right now?
TAAT Global Alternatives (TOBAF) has a current Debt-to-Asset of 0.53. The current Debt-to-Asset is 0.53. TAAT Global Alternatives' overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For TAAT Global Alternatives (TOBAF), the current Debt-to-Asset is 0.53 as of Jul. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

TAAT Global Alternatives Business Description

Address 1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9
TAAT Global Alternatives Inc is a Canada-based company, which develops, manufactures, and distributes alternative product categories such as tobacco, hemp, and other emerging CPG segments. The company has two reportable segments, the sale of non-tobacco and tobacco products. It generates the majority of its revenue from the tobacco products segment.
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