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VGFCQ (The Very Good Food Co) Debt-to-Asset : 0.46 (As of Sep. 2022)


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What is The Very Good Food Co Debt-to-Asset?

The Very Good Food Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $6.38 Mil. The Very Good Food Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $9.54 Mil. The Very Good Food Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2022 was $34.84 Mil. The Very Good Food Co's debt to asset for the quarter that ended in Sep. 2022 was 0.46.


The Very Good Food Co Debt-to-Asset Historical Data

The historical data trend for The Very Good Food Co'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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The Very Good Food Co Debt-to-Asset Chart

The Very Good Food Co Annual Data
Trend Dec19 Dec20 Dec21
Debt-to-Asset
1.08 0.16 0.32

The Very Good Food Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 0.40 0.32 0.39 0.37 0.46

Competitive Comparison of The Very Good Food Co's Debt-to-Asset

For the Packaged Foods subindustry, The Very Good Food Co'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.


The Very Good Food Co's Debt-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Very Good Food Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where The Very Good Food Co's Debt-to-Asset falls into.


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The Very Good Food Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

The Very Good Food Co's Debt-to-Asset for the fiscal year that ended in Dec. 2021 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(2.186 + 17.374) / 61.206
=0.32

The Very Good Food Co's Debt-to-Asset for the quarter that ended in Sep. 2022 is calculated as

* 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.


The Very Good Food Co  (OTCPK:VGFCQ) 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.


The Very Good Food Co Debt-to-Asset Related Terms

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The Very Good Food Co Business Description

Traded in Other Exchanges
N/A
Address
2748 Rupert Street, Vancouver, BC, CAN, M4W 3P4
The Very Good Food Co Inc operates in the food industry. The company is a food technology company that designs, develops, produces, distributes, and sells a variety of plant-based meat and other food alternatives.