Gold Flora (Gold Flora) LT-Debt-to-Total-Asset : 0.62 (As of Dec. 2023)

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What is Gold Flora 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. Gold Flora's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.62.

Gold Flora's long-term debt to total assets ratio increased from . 20 (0.00) to Dec. 2023 (0.62). It may suggest that Gold Flora is progressively becoming more dependent on debt to grow their business.

Gold Flora LT-Debt-to-Total-Asset Historical Data

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

Gold Flora Annual Data

Trend

Dec22

Dec23

LT-Debt-to-Total-Asset

0.76

0.62

Gold Flora Quarterly Data
	Sep22	Dec22	Sep23	Dec23
LT-Debt-to-Total-Asset	-	0.76	0.53	0.62

Gold Flora LT-Debt-to-Total-Asset Calculation

Gold Flora'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 )
	=	140.674	/	226.366
	=	0.62

Gold Flora'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 )
	=	140.674	/	226.366
	=	0.62

Gold Flora (OTCPK:GRAM) 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.

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Gold Flora (Gold Flora) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Gold Flora Corp (OTCPK:GRAM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

GRAM:Canada

Address

3165 Red Hill Avenue, Costa Mesa, CA, USA, 92626

Website

https://www.goldflora.com

Gold Flora Corp is one of the few cannabis brands that is vertically integrated and woman-owned and operated. Gold Flora started with a mission to provide an easy and consistent way for consumers to enjoy cannabis. After years of hard work and a shared passion for the plant, Gold Flora has become a California powerhouse - with cultivation, manufacturing, extraction, distribution, retail and a portfolio of brands that create an array of superior products that make a difference in people's lives. Its products include disposable vape pens and gold flora flowers.

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