Acadian Timber (Acadian Timber) LT-Debt-to-Total-Asset : 0.19 (As of Dec. 2023)

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What is Acadian Timber 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. Acadian Timber's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.19.

Acadian Timber's long-term debt to total assets ratio declined from Dec. 2022 (0.20) to Dec. 2023 (0.19). It may suggest that Acadian Timber is progressively becoming less dependent on debt to grow their business.

Acadian Timber LT-Debt-to-Total-Asset Historical Data

The historical data trend for Acadian Timber'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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Acadian Timber LT-Debt-to-Total-Asset Chart

Acadian Timber Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.19

Acadian Timber Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.20	0.19	0.19	0.19

Acadian Timber LT-Debt-to-Total-Asset Calculation

Acadian Timber's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	78.649	/	423.34
	=	0.19

Acadian Timber's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	78.649	/	423.34
	=	0.19

Acadian Timber (OTCPK:ACAZF) 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.

Acadian Timber LT-Debt-to-Total-Asset Related Terms

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Acadian Timber (Acadian Timber) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Acadian Timber Corp (OTCPK:ACAZF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

779:Germany ADN:Canada

Address

365 Canada Road, Edmundston, NB, CAN, E3V 1W2

Website

https://www.acadiantimber.com

Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company's operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company's product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.