Delota (FRA:S62) LT-Debt-to-Total-Asset : 0.31 (As of Oct. 2023)

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What is Delota 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. Delota's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 0.31.

Delota's long-term debt to total assets ratio declined from Oct. 2022 (0.36) to Oct. 2023 (0.31). It may suggest that Delota is progressively becoming less dependent on debt to grow their business.

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

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

Delota Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Jan20

Jan21

Jan22

Jan23

LT-Debt-to-Total-Asset

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0.43

0.59

0.42

0.34

Delota Quarterly Data
	Dec18	Mar19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.34	0.32	0.31	0.31

Delota LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jan. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2023 )	/	Total Assets (A: Jan. 2023 )
	=	3.435	/	10.219
	=	0.34

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

LT Debt to Total Assets (Q: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 )	/	Total Assets (Q: Oct. 2023 )
	=	2.946	/	9.481
	=	0.31

Delota (FRA:S62) 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.

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

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Delota (FRA:S62) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Delota Corp (FRA:S62) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

LOTA:Canada

Address

7941 Jane Street, Unit 2, Concord, ON, CAN, L4K 2M7

Website

http://www.delota.com

Delota Corp is a cannabis and nicotine retailer. The company is engaged in developing retail cannabis and nicotine brands in Canada by growing its retail footprint and developing retail banners. Delota's current retail banners include Offside Cannabis and 180 Smoke.

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