Chemistree Technology (Chemistree Technology) LT-Debt-to-Total-Asset : 0.73 (As of Mar. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Chemistree Technology 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. Chemistree Technology's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.73.

Chemistree Technology's long-term debt to total assets ratio declined from Mar. 2023 (5.78) to Mar. 2024 (0.73). It may suggest that Chemistree Technology is progressively becoming less dependent on debt to grow their business.

Chemistree Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chemistree Technology'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.

* Premium members only.

Chemistree Technology LT-Debt-to-Total-Asset Chart

Chemistree Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.64

1.12

0.12

3.66

0.46

Chemistree Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															5.78	0.46	0.45	0.57	0.73

Chemistree Technology LT-Debt-to-Total-Asset Calculation

Chemistree Technology's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.334	/	0.721
	=

Chemistree Technology's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0.328	/	0.448
	=

Chemistree Technology (OTCPK:CHMJF) 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.

Chemistree Technology LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Chemistree Technology's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Chemistree Technology (Chemistree Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Chemistree Technology Inc (OTCPK:CHMJF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CHM:Canada

Address

828 Harbourside Drive, Suite 208, North Vancouver, Vancouver, BC, CAN, V7N 4M2

Website

https://www.chemistree.ca

Chemistree Technology Inc through its wholly-owned subsidiaries focused on making investments or acquisitions in areas relating to the United States cannabis sector, focusing on providing turn-key solutions for the United States-regulated cannabis industry. It generates revenue from the United States.