Elixxer (Elixxer) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2023)

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What is Elixxer 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. Elixxer's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.01.

Elixxer's long-term debt to total assets ratio declined from Sep. 2022 (0.43) to Sep. 2023 (0.01). It may suggest that Elixxer is progressively becoming less dependent on debt to grow their business.

Elixxer LT-Debt-to-Total-Asset Historical Data

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

Elixxer Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Sep17

Sep18

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.67

Elixxer Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.43	0.67	0.97	1.22	0.01

Elixxer LT-Debt-to-Total-Asset Calculation

Elixxer's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	2.659	/	3.951
	=	0.67

Elixxer's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.03	/	2.276
	=

Elixxer (OTCPK:ELIXF) 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.

Elixxer LT-Debt-to-Total-Asset Related Terms

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Elixxer (Elixxer) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Elixxer Ltd (OTCPK:ELIXF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1100 Boulevard Rene- Levesque Ouest, Suite 700, Montreal, QC, CAN, H5B 4N4

Website

https://www.elixxer.com

Elixxer Ltd is a Canada-based cannabis investment firm in the legal cannabis market. It invests in cannabis-related businesses that are fully licensed for the cultivation, production, and sale of cannabis and cannabis-derived products.