HPCO (Hempacco Co) LT-Debt-to-Total-Asset: 0.33 (As of Dec. 2023)

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What is Hempacco Co LT-Debt-to-Total-Asset?

Hempacco Co HPCO LT-Debt-to-Total-Asset is 0.33 as of Dec. 2023.

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. Hempacco Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.33.

Hempacco Co's long-term debt to total assets ratio increased from Dec. 2022 (0.04) to Dec. 2023 (0.33). It may suggest that Hempacco Co is progressively becoming more dependent on debt to grow their business.

Hempacco Co  (OTCPK:HPCO) 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.

Hempacco Co LT-Debt-to-Total-Asset Related Terms

Hempacco Co LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Hempacco Co'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.

Hempacco Co LT-Debt-to-Total-Asset Chart

Hempacco Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.09 0.07 0.04 0.33

Hempacco Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.02 0.02 0.01 0.33

Hempacco Co LT-Debt-to-Total-Asset Calculation

Hempacco Co'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 )
=5.931/18.043
=0.33

Hempacco Co'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 )
=5.931/18.043
=0.33

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.33 mean?
Hempacco Co (HPCO) has a LT-Debt-to-Total-Asset of 0.33 as of Dec. 2023. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Hempacco Co and its competitors.
Is Hempacco Co's LT-Debt-to-Total-Asset too high?
Hempacco Co's current LT-Debt-to-Total-Asset is 0.33.
How does Hempacco Co's LT-Debt-to-Total-Asset compare to PM and MO?
Hempacco Co's LT-Debt-to-Total-Asset of 0.33 can be compared against companies in the Tobacco Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Tobacco Products company?
A good LT-Debt-to-Total-Asset depends on the Tobacco Products industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Hempacco Co and its competitors. Hempacco Co's current LT-Debt-to-Total-Asset is 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hempacco Co stock overvalued right now?
Hempacco Co (HPCO) has a current LT-Debt-to-Total-Asset of 0.33. The current LT-Debt-to-Total-Asset is 0.33. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Hempacco Co (HPCO), the current LT-Debt-to-Total-Asset is 0.33 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Hempacco Co Business Description

Address 9925 Airway Road, San Diego, CA, USA, 92154
Hempacco Co Inc is engaged in manufacturing and selling nicotine-free and tobacco-free alternatives to traditional cigarettes. It utilizes a proprietary, patented spraying technology for terpene infusion and patent-pending flavored filter infusion technology to manufacture hemp and herb-based smokable alternatives. The company's operating segments include private label manufacturing and sales, intellectual property licensing, and the development and sales of inhouse brands using patented counter displays.