Odd Burger (FRA:IA9) LT-Debt-to-Total-Asset : 0.50 (As of Jun. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Odd Burger 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. Odd Burger's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.50.

Odd Burger's long-term debt to total assets ratio increased from Jun. 2023 (0.45) to Jun. 2024 (0.50). It may suggest that Odd Burger is progressively becoming more dependent on debt to grow their business.

Odd Burger LT-Debt-to-Total-Asset Historical Data

The historical data trend for Odd Burger'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.

* Premium members only.

Odd Burger LT-Debt-to-Total-Asset Chart

Odd Burger Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

0.36

0.20

0.37

0.54

Odd Burger Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.45	0.54	0.56	0.52	0.50

Odd Burger LT-Debt-to-Total-Asset Calculation

Odd Burger's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	1.652	/	3.061
	=	0.54

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	1.465	/	2.907
	=	0.50

Odd Burger (FRA:IA9) 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.

Odd Burger LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Odd Burger's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Odd Burger Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Odd Burger Corp (FRA:IA9) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ODDAF:USA ODD:Canada

Address

505 Consortium Court, London, ON, CAN, N6E 2S8

Website

https://www.oddburger.com

Odd Burger Corp is a plant based food technology company that manufactures and distributes plant-based protein and dairy alternatives using locally sourced and sustainable ingredients. It distributes its products through a proprietary food service line to company-owned and franchised fast-food restaurant locations. Its restaurant locations operate as smart kitchens, which use state-of-the-art cooking technology and automation solutions to deliver a delicious food experience to customers craving healthier and more sustainable fast food. The company operates a manufacturing facility and has restaurant locations in Canada.

Odd Burger Headlines

No Headlines