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ABVE (Above Food Ingredients) LT-Debt-to-Total-Asset : 0.25 (As of Jan. 2024)


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What is Above Food Ingredients LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Above Food Ingredients's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.25.

Above Food Ingredients's long-term debt to total assets ratio increased from Jan. 2022 (0.21) to Jan. 2024 (0.25). It may suggest that Above Food Ingredients is progressively becoming more dependent on debt to grow their business.


Above Food Ingredients LT-Debt-to-Total-Asset Historical Data

The historical data trend for Above Food Ingredients's LT-Debt-to-Total-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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Above Food Ingredients LT-Debt-to-Total-Asset Chart

Above Food Ingredients Annual Data
Trend Jan22 Jan23 Jan24
LT-Debt-to-Total-Asset
0.21 0.21 0.25

Above Food Ingredients Quarterly Data
Jan22 Oct22 Jan23 Oct23 Jan24
LT-Debt-to-Total-Asset 0.21 - 0.21 0.22 0.25

Above Food Ingredients LT-Debt-to-Total-Asset Calculation

Above Food Ingredients's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )=Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )/Total Assets (A: Jan. 2024 )
=26.856/107.195
=0.25

Above Food Ingredients's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )/Total Assets (Q: Jan. 2024 )
=26.856/107.195
=0.25

* 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.


Above Food Ingredients  (NAS:ABVE) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.


Above Food Ingredients LT-Debt-to-Total-Asset Related Terms

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Above Food Ingredients Business Description

Traded in Other Exchanges
N/A
Address
2305 Victoria Avenue, Saskatchewan, Regina, SK, CAN, S4P0S7
Above Food Ingredients Inc is a differentiated, regenerative ingredient company. Its products are made with real nutritious, flavorful ingredients and delivered with transparency. Its vision is to create a healthier world one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, and proprietary seed development capabilities that leverage the power of artificial intelligence driven genomics. The company delivers nutritious foods to businesses and consumers with traceability and sustainability. Above Food's consumer products and brands are available in grocers across Canada and the United States.