Branded Legacy (Branded Legacy) LT-Debt-to-Total-Asset : 3.51 (As of Dec. 2021)

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What is Branded Legacy 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. Branded Legacy's long-term debt to total assests ratio for the quarter that ended in Dec. 2021 was 3.51.

Branded Legacy's long-term debt to total assets ratio increased from Dec. 2020 (1.01) to Dec. 2021 (3.51). It may suggest that Branded Legacy is progressively becoming more dependent on debt to grow their business.

Branded Legacy LT-Debt-to-Total-Asset Historical Data

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

Branded Legacy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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1.02

1.01

3.51

Branded Legacy Quarterly Data
	Dec15	Dec16	Dec17	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												1.01	1.32	1.92	2.22	3.51

Branded Legacy LT-Debt-to-Total-Asset Calculation

Branded Legacy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	0.421	/	0.12
	=	3.51

Branded Legacy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (Q: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2021 )	/	Total Assets (Q: Dec. 2021 )
	=	0.421	/	0.12
	=	3.51

Branded Legacy (OTCPK:BLEG) 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.

Branded Legacy LT-Debt-to-Total-Asset Related Terms

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Branded Legacy (Branded Legacy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Branded Legacy Inc (OTCPK:BLEG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

227 West 4th Street, Unit 108, Charlotte, NC, USA, 28202

Website

https://www.brandedlegacy.com

Branded Legacy Inc is a company engaged in the development and marketing of products for the fitness and wellness markets. The company is focused on creating products for health-conscious consumers. Through its subsidiary, the company focuses on the development and marketing of hemp-based food, beverage, and healthcare products including hemp coffee, hemp water, and hemp-based skincare products. It sells product to consumers, wholesalers as well as distributors.