CBIH (Cannabis Bioscience International Holdings) LT-Debt-to-Total-Asset : 9.34 (As of Nov. 2024)

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What is Cannabis Bioscience International Holdings 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. Cannabis Bioscience International Holdings's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 9.34.

Cannabis Bioscience International Holdings's long-term debt to total assets ratio increased from Nov. 2023 (2.78) to Nov. 2024 (9.34). It may suggest that Cannabis Bioscience International Holdings is progressively becoming more dependent on debt to grow their business.

Cannabis Bioscience International Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cannabis Bioscience International Holdings'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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Cannabis Bioscience International Holdings LT-Debt-to-Total-Asset Chart

Cannabis Bioscience International Holdings Annual Data

Trend

Dec06

Dec07

May09

May10

May11

May23

May24

LT-Debt-to-Total-Asset

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0.03

0.01

5.81

4.46

Cannabis Bioscience International Holdings Quarterly Data
	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															2.78	2.86	4.46	5.44	9.34

Cannabis Bioscience International Holdings LT-Debt-to-Total-Asset Calculation

Cannabis Bioscience International Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2024 is calculated as

LT Debt to Total Assets (A: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2024 )	/	Total Assets (A: May. 2024 )
	=	0.254	/	0.057
	=	4.46

Cannabis Bioscience International Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	0.327	/	0.035
	=	9.34

Cannabis Bioscience International Holdings (OTCPK:CBIH) 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 Bioscience International Holdings LT-Debt-to-Total-Asset Related Terms

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Cannabis Bioscience International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannabis Bioscience International Holdings Inc (OTCPK:CBIH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

6201 Bonhomme Road, Suite 435N, Houston, TX, USA, 77036

Website

https://www.cbih.net

Cannabis Bioscience International Holdings Inc provides educational systems focused on medical cannabis in cities throughout the United States and six countries in Latin America. The company provides services in therapeutic areas of clinical trials and services relating to sleep disorders through its sleep center in Houston, Texas. It offered concierge medicine at an affordable price through a membership-based model through its wholly-owned subsidiary.