Purebread Brands (TSXV:BRED) Debt-to-Asset : 0.87 (As of Dec. 2023)

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What is Purebread Brands Debt-to-Asset?

Purebread Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$5.27 Mil. Purebread Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$19.82 Mil. Purebread Brands's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$28.95 Mil. Purebread Brands's debt to asset for the quarter that ended in Dec. 2023 was 0.87.

Purebread Brands Debt-to-Asset Historical Data

The historical data trend for Purebread 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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Purebread Brands Debt-to-Asset Chart

Purebread Brands Annual Data

Trend

Mar22

Mar23

Debt-to-Asset

0.78

0.91

Purebread Brands Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial						0.88	0.91	0.86	0.83	0.87

Competitive Comparison of Purebread Brands's Debt-to-Asset

For the Restaurants subindustry, Purebread 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.

Purebread Brands's Debt-to-Asset Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Purebread Brands's Debt-to-Asset distribution charts can be found below:

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

Purebread Brands Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Purebread Brands's Debt-to-Asset for the fiscal year that ended in Mar. 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
	=	(2.889	+	8.929)	/	12.992
	=	0.91

Purebread Brands'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
	=	(5.269	+	19.816)	/	28.949
	=	0.87

Purebread Brands (TSXV:BRED) 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.

Purebread Brands Debt-to-Asset Related Terms

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Purebread Brands (TSXV:BRED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Purebread Brands Inc (TSXV:BRED) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1370 E. Georgia Street, Vancouver, BC, CAN, V5L 2A8

Website

https://www.cohocommissary.com

Coho Collective Kitchens Inc engages in the provision of Commercial Commissary Kitchens and the rental of these kitchens to food-based businesses in Canada. The company currently offers its services and sells its products through three main channels, commissary operations, the hospitality food service establishment (Cafe), and the e-commerce food delivery platform, CohoMarket.ca (Coho Market).

Purebread Brands (TSXV:BRED) Headlines

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