BFYW (Better For You Wellness) LT-Debt-to-Total-Asset : 0.23 (As of Aug. 2024)

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What is Better For You Wellness 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. Better For You Wellness's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.23.

Better For You Wellness's long-term debt to total assets ratio increased from Aug. 2023 (0.15) to Aug. 2024 (0.23). It may suggest that Better For You Wellness is progressively becoming more dependent on debt to grow their business.

Better For You Wellness LT-Debt-to-Total-Asset Historical Data

The historical data trend for Better For You Wellness'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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Better For You Wellness LT-Debt-to-Total-Asset Chart

Better For You Wellness Annual Data

Trend

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.37

Better For You Wellness Quarterly Data
	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	May21	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.13	0.37	0.29	0.23

Better For You Wellness LT-Debt-to-Total-Asset Calculation

Better For You Wellness's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	0.081	/	0.221
	=	0.37

Better For You Wellness's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	0.045	/	0.199
	=	0.23

Better For You Wellness (OTCPK:BFYW) 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.

Better For You Wellness LT-Debt-to-Total-Asset Related Terms

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Better For You Wellness Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Better For You Wellness Inc (OTCPK:BFYW) » Definitions » LT-Debt-to-Total-Asset

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Address

1349 East Broad Street, Suite 123, Columbus, OH, USA, 43205

Website

https://www.betterforyouwellness.com

Better For You Wellness Inc is engaged in building brands and companies organically as well as exploring and evaluating various opportunities in the plant-based and science-focused food and beverage and consumer packaged goods sectors, including but not limited to, mergers, acquisitions, or business combination transactions.

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