Aleafia Health (HAM:ARAH) LT-Debt-to-Total-Asset : 0.55 (As of Mar. 2023)

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What is Aleafia Health 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. Aleafia Health's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.55.

Aleafia Health's long-term debt to total assets ratio increased from Sep. 2021 (0.01) to Mar. 2023 (0.55). It may suggest that Aleafia Health is progressively becoming more dependent on debt to grow their business.

Aleafia Health LT-Debt-to-Total-Asset Historical Data

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

Aleafia Health Annual Data

Trend

Jan12

Jan13

Jan14

Jan15

Jan16

Oct17

Dec18

Dec19

Dec20

Mar23

LT-Debt-to-Total-Asset

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0.11

0.15

0.55

Aleafia Health Quarterly Data
	Oct17	Jan18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jun22	Sep22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.35	0.34	0.41	0.55

Aleafia Health LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	22.66	/	40.905
	=	0.55

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

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	22.66	/	40.905
	=	0.55

Aleafia Health (HAM:ARAH) 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.

Aleafia Health LT-Debt-to-Total-Asset Related Terms

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Aleafia Health (HAM:ARAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Aleafia Health Inc (HAM:ARAH) » Definitions » LT-Debt-to-Total-Asset

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Address

85 Basaltic Road, Concord, ON, CAN, L4K 1G4

Website

https://www.aleafiahealth.com

Aleafia Health Inc is a vertically integrated cannabis health and wellness company which owns three cannabis product and cultivation facilities where it produces a diverse portfolio of commercially high-margin derivative products including oils, capsules and sprays. The company operates national network of medical cannabis clinics and has seen over 60,000 patients to date.

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