ERBB (American Green) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2023)

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What is American Green 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. American Green's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.05.

American Green's long-term debt to total assets ratio increased from . 20 (0.00) to Jun. 2023 (0.05). It may suggest that American Green is progressively becoming more dependent on debt to grow their business.

American Green LT-Debt-to-Total-Asset Historical Data

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

American Green Annual Data

Trend

Jun22

Jun23

LT-Debt-to-Total-Asset

0.05

American Green Semi-Annual Data
	Jun22	Jun23
LT-Debt-to-Total-Asset	-	0.05

American Green LT-Debt-to-Total-Asset Calculation

American Green'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 )
	=	0.472	/	9.731
	=	0.05

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

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0.472	/	9.731
	=	0.05

American Green (OTCPK:ERBB) 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.

American Green LT-Debt-to-Total-Asset Related Terms

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American Green Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » American Green Inc (OTCPK:ERBB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 N Gould Street, Suite R, Sheridan, WY, USA, 82801

Website

https://www.americangreen.com

American Green Inc is a technology company in the medical cannabis industry. It is involved in the business of developing a cultivation facility in Phoenix Arizona for medical marijuana and also owns proprietary dispensing machines and has online sales operation for CBD products and apparel.