GDDFF (Goodfood Market) LT-Debt-to-Total-Asset : 0.94 (As of Nov. 2024)

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What is Goodfood Market 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. Goodfood Market's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.94.

Goodfood Market's long-term debt to total assets ratio increased from Nov. 2023 (0.93) to Nov. 2024 (0.94). It may suggest that Goodfood Market is progressively becoming more dependent on debt to grow their business.

Goodfood Market LT-Debt-to-Total-Asset Historical Data

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

Goodfood Market Annual Data

Trend

Dec15

Dec16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

LT-Debt-to-Total-Asset

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0.29

0.37

0.68

0.90

0.95

Goodfood Market 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															0.93	0.96	0.98	0.95	0.94

Goodfood Market LT-Debt-to-Total-Asset Calculation

Goodfood Market's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (A: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2024 )	/	Total Assets (A: Aug. 2024 )
	=	36.431	/	38.312
	=	0.95

Goodfood Market'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 )
	=	35.214	/	37.39
	=	0.94

Goodfood Market (OTCPK:GDDFF) 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.

Goodfood Market LT-Debt-to-Total-Asset Related Terms

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Goodfood Market Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Goodfood Market Corp (OTCPK:GDDFF) » Definitions » LT-Debt-to-Total-Asset

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FOOD:Canada

Address

4600 Hickmore Street, Saint-Laurent, Montreal, QC, CAN, H4T 1K2

Website

https://www.makegoodfood.ca

Goodfood Market Corp is an online grocery company in Canada that delivers fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. The principal business activity is focused on developing and servicing the online meal kit and grocery add-on market. Goodfood members have access to products and exclusive pricing made possible by its direct-to-consumer fulfillment ecosystem that eliminates waste and retail overhead. It has a production facility and administrative offices in Montreal, with five additional facilities located in Quebec, Ontario, Alberta, and British Columbia. The company is passionate about connecting its partner farms and suppliers to its customers' kitchens while eliminating food waste and costly retail overhead.