Red Light Holland (XCNQ:TRIP) Debt-to-Asset : 0.09 (As of Dec. 2024)

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What is Red Light Holland Debt-to-Asset?

Red Light Holland's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$1.74 Mil. Red Light Holland's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$0.17 Mil. Red Light Holland's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was C$22.19 Mil. Red Light Holland's debt to asset for the quarter that ended in Dec. 2024 was 0.09.

Red Light Holland Debt-to-Asset Historical Data

The historical data trend for Red Light Holland'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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Red Light Holland Debt-to-Asset Chart

Red Light Holland Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

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0.02

0.05

0.06

0.07

Red Light Holland Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial															0.06	0.07	0.08	0.08	0.09

Competitive Comparison of Red Light Holland's Debt-to-Asset

For the Drug Manufacturers - Specialty & Generic subindustry, Red Light Holland'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.

Red Light Holland's Debt-to-Asset Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Red Light Holland's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Red Light Holland's Debt-to-Asset falls into.

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Red Light Holland Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Red Light Holland's Debt-to-Asset for the fiscal year that ended in Mar. 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
	=	(1.425	+	0.291)	/	24.084
	=	0.07

Red Light Holland's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(1.735	+	0.174)	/	22.188
	=	0.09

Red Light Holland (XCNQ:TRIP) 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.

Red Light Holland Debt-to-Asset Related Terms

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Red Light Holland Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Red Light Holland Corp (XCNQ:TRIP) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

TRUFF:USA 4YX:Germany

Address

1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9

Website

https://www.redlight.co

Red Light Holland Corp is engaged in the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe, and a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands. Its products include Microdosing Kit and Merch. Its revenue is comprised of sales of wholesale truffles, cannabis seeds, and other cannabis products and sales of microdose packs.

Executives