Christina Lake Cannabis (FRA:CLB) LT-Debt-to-Total-Asset : 0.27 (As of Nov. 2024)

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What is Christina Lake Cannabis 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. Christina Lake Cannabis's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.27.

Christina Lake Cannabis's long-term debt to total assets ratio declined from Nov. 2023 (0.28) to Nov. 2024 (0.27). It may suggest that Christina Lake Cannabis is progressively becoming less dependent on debt to grow their business.

Christina Lake Cannabis LT-Debt-to-Total-Asset Historical Data

The historical data trend for Christina Lake Cannabis'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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Christina Lake Cannabis LT-Debt-to-Total-Asset Chart

Christina Lake Cannabis Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

LT-Debt-to-Total-Asset

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0.23

0.10

0.28

0.27

Christina Lake Cannabis Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.48	0.52	0.37	0.27

Christina Lake Cannabis LT-Debt-to-Total-Asset Calculation

Christina Lake Cannabis's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (A: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2024 )	/	Total Assets (A: Nov. 2024 )
	=	4.252	/	15.753
	=	0.27

Christina Lake Cannabis's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	4.252	/	15.753
	=	0.27

Christina Lake Cannabis (FRA:CLB) 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.

Christina Lake Cannabis LT-Debt-to-Total-Asset Related Terms

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Christina Lake Cannabis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Christina Lake Cannabis Corp (FRA:CLB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CLCFF:USA CLC:Canada

Address

1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9

Website

https://www.christinalakecannabis.com

Christina Lake Cannabis Corp is a licensed producer of cannabis. The company cultivates cannabis using strains specifically developed for outdoor cultivation. It is a producer of high-quality, low-cost, sun-grown cannabis flowers, oil cannabinoids, and hemp-based extracts and derivatives, serving domestic and international markets.