BOF (Branchout Food) LT-Debt-to-Total-Asset : 0.57 (As of Sep. 2024)

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What is Branchout Food 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. Branchout Food's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.57.

Branchout Food's long-term debt to total assets ratio increased from Sep. 2023 (0.03) to Sep. 2024 (0.57). It may suggest that Branchout Food is progressively becoming more dependent on debt to grow their business.

Branchout Food LT-Debt-to-Total-Asset Historical Data

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

Branchout Food Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

1.31

1.09

0.01

0.04

Branchout Food Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.03	0.04	0.05	0.51	0.57

Branchout Food LT-Debt-to-Total-Asset Calculation

Branchout Food'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 )
	=	0.136	/	3.125
	=	0.04

Branchout Food's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	5.404	/	9.567
	=	0.56

Branchout Food (NAS:BOF) 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.

Branchout Food LT-Debt-to-Total-Asset Related Terms

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Branchout Food Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Branchout Food inc (NAS:BOF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 SE Davis Avenue, Suite C, Bend, OR, USA, 97702

Website

https://www.branchoutfood.com

Branchout Food inc is engaged in the development, marketing, sale, and distribution of plant-based, dehydrated fruit and vegetable snacks and powders. Its products are currently manufactured for the company by contract manufacturers based in South America and North America that produce dehydrated fruit and vegetable products for the company using a new proprietary dehydration technology that it licenses from a third party. The Company's customers are primarily located throughout the United States. Its current primary products are BranchOut Snacks, BranchOut Powders, and BranchOut Industrial Ingredients.

Executives

John Dalfonsi	director	205 SE DAVIS AVE, SUITE C, BEND OR 97702
Eric Healy	director, officer: CEO	205 SE DAVIS AVE, SUITE C, BEND OR 97702
David Richard Israel	director	205 SE DAVIS AVE, SUITE C, BEND OR 97702
Greg Somerville	director	205 SE DAVIS AVE, SUITE C, BEND OR 97702