AppHarvest (AppHarvest) LT-Debt-to-Total-Asset : 0.47 (As of Mar. 2023)

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What is AppHarvest 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. AppHarvest's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.47.

AppHarvest's long-term debt to total assets ratio increased from Mar. 2022 (0.22) to Mar. 2023 (0.47). It may suggest that AppHarvest is progressively becoming more dependent on debt to grow their business.

AppHarvest LT-Debt-to-Total-Asset Historical Data

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

AppHarvest Annual Data

Trend

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.01

0.19

0.48

AppHarvest Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.22	0.22	0.33	0.48	0.47

AppHarvest LT-Debt-to-Total-Asset Calculation

AppHarvest'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 )
	=	286.952	/	595.328
	=	0.48

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

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	287.008	/	609.804
	=	0.47

AppHarvest (OTCPK:APPWQ) 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.

AppHarvest LT-Debt-to-Total-Asset Related Terms

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AppHarvest (AppHarvest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AppHarvest Inc (OTCPK:APPWQ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Appalachian Way, Morehead, KY, USA, 40351

Website

https://www.appharvest.com

AppHarvest Inc operates in the agriculture sector. It is an agriculture technology company. The company is engaged in developing and operating controlled environment indoor farms.