CBGL (Cannabis Global) LT-Debt-to-Total-Asset: 0.08 (As of May. 2022)


What is Cannabis Global LT-Debt-to-Total-Asset?

Cannabis Global CBGL LT-Debt-to-Total-Asset is 0.08 as of May. 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. Cannabis Global's long-term debt to total assests ratio for the quarter that ended in May. 2022 was 0.08.

Cannabis Global's long-term debt to total assets ratio declined from May. 2021 (0.11) to May. 2022 (0.08). It may suggest that Cannabis Global is progressively becoming less dependent on debt to grow their business.

Cannabis Global  (OTCPK:CBGL) 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.

Cannabis Global LT-Debt-to-Total-Asset Related Terms

Cannabis Global LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Cannabis Global'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.

Cannabis Global LT-Debt-to-Total-Asset Chart

Cannabis Global Annual Data
Trend Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.11

Cannabis Global Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.11 0.11 0.08 0.08

Cannabis Global LT-Debt-to-Total-Asset Calculation

Cannabis Global's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2021 is calculated as

LT Debt to Total Assets (A: Aug. 2021 )=Long-Term Debt & Capital Lease Obligation (A: Aug. 2021 )/Total Assets (A: Aug. 2021 )
=1.236/11.339
=0.11

Cannabis Global's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2022 is calculated as

LT Debt to Total Assets (Q: May. 2022 )=Long-Term Debt & Capital Lease Obligation (Q: May. 2022 )/Total Assets (Q: May. 2022 )
=1.174/14.909
=0.08

* 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 0.08 mean?
Cannabis Global (CBGL) has a LT-Debt-to-Total-Asset of 0.08 as of May. 2022. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Cannabis Global and its competitors.
Is Cannabis Global's LT-Debt-to-Total-Asset too high?
Cannabis Global's current LT-Debt-to-Total-Asset is 0.08.
How does Cannabis Global's LT-Debt-to-Total-Asset compare to MILC and BBBT?
Cannabis Global's LT-Debt-to-Total-Asset of 0.08 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good LT-Debt-to-Total-Asset depends on the Drug Manufacturers 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 Cannabis Global and its competitors. Cannabis Global's current LT-Debt-to-Total-Asset is 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cannabis Global stock overvalued right now?
Cannabis Global (CBGL) has a current LT-Debt-to-Total-Asset of 0.08. The current LT-Debt-to-Total-Asset is 0.08. 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 Cannabis Global (CBGL), the current LT-Debt-to-Total-Asset is 0.08 as of May. 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.

Cannabis Global Business Description

Address 520 S Grand Avenue, Suite 320, Los Angeles, CA, USA, 90071
Cannabis Global Inc manufactures and distributes various cannabis products via its majority ownership of Natural Plant Extract, Inc is developing the Ethos Comply Bag, and generally conducts research and development in the areas of hemp, cannabis and consumer food goods. The company also have an active research and development program focused on creating and commercializing engineered technologies that deliver hemp extracts and cannabinoids to the human body. Its product includes cannabis flower packaged in various weights, cannabis Pre-rolls, cannabis edible products.