EOFBF (Ecofibre) LT-Debt-to-Total-Asset: 0.29 (As of Dec. 2024)

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EOFBF Ecofibre Ltd EOFBF
16 GF Score
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What is Ecofibre LT-Debt-to-Total-Asset?

Ecofibre EOFBF -90.00% 16 LT-Debt-to-Total-Asset is 0.29 as of Dec. 2024. GuruFocus rates EOFBF with a GF Score™ of 16/100.

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. Ecofibre's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.29.

Ecofibre's long-term debt to total assets ratio increased from Dec. 2023 (0.13) to Dec. 2024 (0.29). It may suggest that Ecofibre is progressively becoming more dependent on debt to grow their business.

Ecofibre  (OTCPK:EOFBF) 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.

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

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

* Premium members only.

The historical data trend for Ecofibre'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.

Ecofibre LT-Debt-to-Total-Asset Chart

Ecofibre Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.08 0.05 0.10 0.22 0.13

Ecofibre Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 0.18 0.22 0.13 0.13 0.29
EOFBF
16GF Score
Ecofibre Ltd EOFBF
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Ecofibre LT-Debt-to-Total-Asset Calculation

Ecofibre's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )/Total Assets (A: Jun. 2024 )
=6.308/47.309
=0.13

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

LT Debt to Total Assets (Q: Dec. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )/Total Assets (Q: Dec. 2024 )
=10.531/36.758
=0.29

* 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 0.29 mean?
Ecofibre (EOFBF) has a LT-Debt-to-Total-Asset of 0.29 as of Dec. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Ecofibre and its competitors.
Is Ecofibre's LT-Debt-to-Total-Asset too high?
Ecofibre's current LT-Debt-to-Total-Asset is 0.29. Overall, Ecofibre has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Ecofibre's LT-Debt-to-Total-Asset compare to LIFD and FLHLF?
Ecofibre's LT-Debt-to-Total-Asset of 0.29 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 Ecofibre and its competitors. Ecofibre's current LT-Debt-to-Total-Asset is 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecofibre stock overvalued right now?
Ecofibre (EOFBF) has a current LT-Debt-to-Total-Asset of 0.29. The current LT-Debt-to-Total-Asset is 0.29. Ecofibre's overall GF Score™ is 16/100. 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 Ecofibre (EOFBF), the current LT-Debt-to-Total-Asset is 0.29 as of Dec. 2024. 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.

Ecofibre Business Description

Address 680 George Street, Level 12, Sydney, NSW, AUS, 2000
Ecofibre Ltd is a provider of hemp products in the United States and Australia. It is engaged in six segments based on differences in products and services provided: Ecofibre Advanced Technologies, Ananda Health, Ecofibre Genetics, Corporate, EOF Bio and Ananda Food. It derives maximum revenue from Ecofibre Advanced Technologies segment. Ecofibre Advanced Technologies involves Advanced manufacturing business with specialist capabilities in performance yarn extrusion, polymer compounding and textiles manufactured in the United States.
16GF Score

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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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