FitLife Brands (FitLife Brands) LT-Debt-to-Total-Asset : 0.28 (As of Dec. 2023)

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What is FitLife 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. FitLife Brands's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.28.

FitLife Brands's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.28). It may suggest that FitLife Brands is progressively becoming more dependent on debt to grow their business.

FitLife Brands LT-Debt-to-Total-Asset Historical Data

The historical data trend for FitLife 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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FitLife Brands LT-Debt-to-Total-Asset Chart

FitLife Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.04

0.01

0.28

FitLife Brands Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.24	0.21	0.20	0.28

FitLife Brands LT-Debt-to-Total-Asset Calculation

FitLife 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 )
	=	15.56	/	55.346
	=	0.28

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	15.56	/	55.346
	=	0.28

FitLife Brands (NAS:FTLF) 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.

FitLife Brands LT-Debt-to-Total-Asset Related Terms

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FitLife Brands (FitLife Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » FitLife Brands Inc (NAS:FTLF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

QO8:Germany

Address

5214 South 136th Street, Omaha, NE, USA, 68137

Website

https://www.fitlifebrands.com

FitLife Brands Inc is a provider of proprietary nutritional supplements for health-conscious consumers. The company markets and sells its products under NDS, PMD, Siren labs, Core active, Metis nutrition, Isatori and Biogenetic laboratories brand names. Its product portfolio consists of sports nutrition, energy, and sports drink products, meal replacement products and weight loss products. The firm derives its revenue from product sales. Its product categories include Natural & Organic Foods, Functional Foods, Natural & Organic Personal Care and Household Products and Supplements.

Executives

Jakob York	officer: CHIEF FINANCIAL OFFICER	C/O FITLIFE BRANDS, INC., 5214 S. 136TH STREET, OMAHA NE 68137
Ryan Patrick John Phillip	officer: Chief Retail Officer	16301 FLINT ST, OVERLAND PARK KS 66221
Todd Ordal	director	15000 W. 6TH AVENUE, SUITE 202, GOLDEN CO 80401
Lewis Jaffe	director	201 MERRITT 7 CORPORATE PARK, NORWALK CT 06851
Judd Dayton	director	878 S. DENTON TAP RD., SUITE 220, COPPELL TX 75019
Susan Kinnaman	officer: Chief Financial Officer	5214 S. 136TH STREET, OMAHA NE 68137
Seth Yakatan	director	231 NORMAN AVENUE, BROOKLYN NY 11222
Stephen D. Adele	director, officer: CEO, iSatori, Inc.	15000 W. 6TH AVENUE, SUITE 202, GOLDEN CO 80401
Jeffrey N. Greenblatt	10 percent owner	14 EAST 60TH STREET, SUITE 600, NEW YORK NY 10022
Grant Robert Dawson	director	C/O GLOWPOINT, INC., 430 MOUNTAIN AVENUE, SUITE 301, MURRAY HILL NJ 07974
Fadi M. Aramouni	director	3017 JEANIE LANE, MANHATTAN KS 66502
Jason T Adelman	10 percent owner	900 PARK AVENUE, APARTMENT 15A, NEW YORK NY 10021
Michael S Abrams	officer: Chief Financial Officer	64 RAMSHEAD ROAD, RAYNHAM MA 02767
John S Wilson	director, officer: CHIEF EXECUTIVE OFFICER	11011 Q STREET, BUILDING A, SUITE 106, OMAHA NE 68137
Landers Elorian Connard	director