BT Brands (BT Brands) Debt-to-Asset : 0.30 (As of Dec. 2023)

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What is BT Brands Debt-to-Asset?

BT Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.52 Mil. BT Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.87 Mil. BT Brands's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $14.61 Mil. BT Brands's debt to asset for the quarter that ended in Dec. 2023 was 0.30.

BT Brands Debt-to-Asset Historical Data

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

BT Brands Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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1.33

0.94

0.21

0.34

0.30

BT Brands Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.34	0.30	0.29	0.29	0.30

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

For the Restaurants subindustry, BT 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.

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

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

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

BT Brands Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

BT Brands'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
	=	(0.515	+	3.87)	/	14.609
	=	0.30

BT 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
	=	(0.515	+	3.87)	/	14.609
	=	0.30

BT Brands (NAS:BTBD) 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.

BT Brands Debt-to-Asset Related Terms

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BT Brands (BT Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » BT Brands Inc (NAS:BTBD) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

405 Main Avenue West, Suite 2D, West Fargo, ND, USA, 58078

Website

https://www.itsburgertime.com

BT Brands Inc operates and owns a fast-food restaurant called Burger Time. The company also operates in Minnesota as a franchisee of Dairy Queen. It offers a variety of burgers and other affordably priced foods such as chicken sandwiches, pulled pork sandwiches, chicken chunks, side dishes, and soft drinks.

Executives

Gary Copperud	director, 10 percent owner, officer: Chief Executive Officer	405 WEST MAIN STREET, WEST FARGO ND 58078
Allan D Anderson	director	950 BLUFF CIRCLE NORTH, CHASKA MN 55318
Terri Tochihara-dirks	director	405 WEST MAIN AVENUE, SUITE 20, WEST FARGO ND 58078
Steven W Schussler	director	720 S FIFTH STREET, HOPKINS MN 55343
Jeffrey A Zinnecker	director, 10 percent owner	405 WEST MAIN STREET, WEST FARGO ND 58078
Kenneth William Brimmer	director, officer: Chief Operating Officer	SUITE 102, 10501 WAYZATA BLVD., MINNETONKA MN 55305
Sally Copperud	10 percent owner	405 WEST MAIN, WEST FARGO ND 58078