LEEEF (Leef Brands) LT-Debt-to-Total-Asset : 0.49 (As of Sep. 2024)

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What is Leef 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. Leef Brands's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.49.

Leef Brands's long-term debt to total assets ratio increased from Sep. 2023 (0.38) to Sep. 2024 (0.49). It may suggest that Leef Brands is progressively becoming more dependent on debt to grow their business.

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

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

Leef Brands Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul19

Jul20

Jul21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.16

0.30

Leef Brands Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.38	0.30	0.30	0.45	0.49

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

Leef 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 )
	=	13.315	/	43.768
	=	0.30

Leef Brands's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	22.014	/	45.071
	=	0.49

Leef Brands (OTCPK:LEEEF) 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.

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

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Leef Brands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Leef Brands Inc (OTCPK:LEEEF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

H3G:Germany LEEF:Canada

Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.leefbrands.com

Leef Brands Inc is a manufacturer of cannabis-branded products manufacturer based in California. It offers products under brand names like Real Deal Resin, Ganja Gold, Heady, and Leef. Geographically, it derives a majority of its revenue from the United States. It has one operation of the Company located in Canada and the United States. The Company has one reportable business segment in the cannabis sector. It generates the majority of its revenue from the USA.