ALTD (Altitude International Holdings) LT-Debt-to-Total-Asset: 0.62 (As of Dec. 2022)


What is Altitude International Holdings LT-Debt-to-Total-Asset?

Altitude International Holdings ALTD LT-Debt-to-Total-Asset is 0.62 as of Dec. 2022.

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. Altitude International Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.62.

Altitude International Holdings's long-term debt to total assets ratio increased from Dec. 2021 (0.04) to Dec. 2022 (0.62). It may suggest that Altitude International Holdings is progressively becoming more dependent on debt to grow their business.

Altitude International Holdings  (OTCPK:ALTD) 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.

Altitude International Holdings LT-Debt-to-Total-Asset Related Terms

Altitude International Holdings LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Altitude International Holdings'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.

Altitude International Holdings LT-Debt-to-Total-Asset Chart

Altitude International Holdings Annual Data
Trend Dec20 Dec21 Dec22
LT-Debt-to-Total-Asset
0.28 0.04 0.62

Altitude International Holdings Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.04 0.02 0.60 0.62

Altitude International Holdings LT-Debt-to-Total-Asset Calculation

Altitude International Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )/Total Assets (A: Dec. 2022 )
=62.758/101.018
=0.62

Altitude International Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )/Total Assets (Q: Dec. 2022 )
=62.758/101.018
=0.62

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.62 mean?
Altitude International Holdings (ALTD) has a LT-Debt-to-Total-Asset of 0.62 as of Dec. 2022. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Altitude International Holdings and its competitors.
Is Altitude International Holdings' LT-Debt-to-Total-Asset too high?
Altitude International Holdings' current LT-Debt-to-Total-Asset is 0.62.
How does Altitude International Holdings' LT-Debt-to-Total-Asset compare to CNXA and BTDG?
Altitude International Holdings' LT-Debt-to-Total-Asset of 0.62 can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Travel & Leisure company?
A good LT-Debt-to-Total-Asset depends on the Travel & Leisure industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Altitude International Holdings and its competitors. Altitude International Holdings's current LT-Debt-to-Total-Asset is 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altitude International Holdings stock overvalued right now?
Altitude International Holdings (ALTD) has a current LT-Debt-to-Total-Asset of 0.62. The current LT-Debt-to-Total-Asset is 0.62. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Altitude International Holdings (ALTD), the current LT-Debt-to-Total-Asset is 0.62 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Altitude International Holdings Business Description

Address 4500 SE Pine Valley Street, Port Saint Lucie, FL, USA, 34952
Altitude International Holdings Inc is a vertically integrated high-performance sports, education, and technology company. It owns and operates sports training and educational institutions, manufacture oxygen training chambers and manufacture atmospheric water generators.