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Simply Better Brands (FRA:5SS0) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)


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What is Simply Better Brands 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. Simply Better Brands's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Simply Better Brands's long-term debt to total assets ratio increased from Sep. 2023 (0.02) to Sep. 2024 (0.06). It may suggest that Simply Better Brands is progressively becoming more dependent on debt to grow their business.


Simply Better Brands LT-Debt-to-Total-Asset Historical Data

The historical data trend for Simply Better Brands'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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Simply Better Brands LT-Debt-to-Total-Asset Chart

Simply Better Brands Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.02 1.05 0.20 0.03 0.03

Simply Better Brands Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.03 0.08 0.07 0.06

Simply Better Brands LT-Debt-to-Total-Asset Calculation

Simply Better Brands's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=0.506/17.917
=0.03

Simply Better Brands's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )/Total Assets (Q: Sep. 2024 )
=0.878/14.994
=0.06

* 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.


Simply Better Brands  (FRA:5SS0) 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.


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Simply Better Brands Business Description

Traded in Other Exchanges
Address
595 Howe Street, Suite 206, Vancouver, BC, CAN, V6C 2T5
Simply Better Brands Corp is an international omni-channel platform with diversified assets in the plant-based and holistic wellness consumer product categories. The company focuses on innovation in the plant-based, natural, and clean ingredient space. It also focuses on expansion into consumer product categories including CBD products, plant-based food and beverage, and the pet care and skin care industries. It operates in one reportable segment being the sale of consumer health and wellness products with sales principally generated from the United States.

Simply Better Brands Headlines

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