Adastra Holdings (XCNQ:XTRX) Debt-to-Asset : 0.12 (As of Mar. 2024)

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What is Adastra Holdings Debt-to-Asset?

Adastra Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$3.51 Mil. Adastra Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.14 Mil. Adastra Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$30.79 Mil. Adastra Holdings's debt to asset for the quarter that ended in Mar. 2024 was 0.12.

Adastra Holdings Debt-to-Asset Historical Data

The historical data trend for Adastra Holdings'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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Adastra Holdings Debt-to-Asset Chart

Adastra Holdings Annual Data

Trend

Apr19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.39

0.18

0.13

0.12

0.11

Adastra Holdings Quarterly Data
	Oct18	Oct19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial														0.12	0.12	0.11	0.11	0.12

Competitive Comparison of Adastra Holdings's Debt-to-Asset

For the Drug Manufacturers - Specialty & Generic subindustry, Adastra Holdings'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.

Adastra Holdings's Debt-to-Asset Distribution in the Drug Manufacturers Industry

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

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

Adastra Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Adastra Holdings'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
	=	(3.496	+	0.148)	/	32.343
	=	0.11

Adastra Holdings's Debt-to-Asset for the quarter 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
	=	(3.505	+	0.143)	/	30.791
	=	0.12

Adastra Holdings (XCNQ:XTRX) 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.

Adastra Holdings Debt-to-Asset Related Terms

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Adastra Holdings (XCNQ:XTRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Adastra Holdings Ltd (XCNQ:XTRX) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

XTXXF:USA D2E:Germany

Address

275th Street, Suite 5451, Langley, BC, CAN, V4W 3X8

Website

https://www.adastraholdings.ca

Adastra Holdings Ltd is an extraction and processing solutions company. It aims to develop and deploy large-scale cannabis and hemp extraction technologies and provide turnkey processing solutions to help licensed standard and micro-cultivators maximize the value of every harvest. The company has two operating segments comprised of manufacturing and non-manufacturing operations. The manufacturing operations include the manufacturing, sale, and distribution of cannabis-related products, and the non-manufacturing operations include PerceiveMD.

Executives

Lachlan Clyde Mcleod

Senior Officer

Adastra Holdings (XCNQ:XTRX) Headlines

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