MUSLF (Promino Nutritional Sciences) LT-Debt-to-Total-Asset : 0.68 (As of Jun. 2024)

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What is Promino Nutritional Sciences 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. Promino Nutritional Sciences's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.68.

Promino Nutritional Sciences's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.68). It may suggest that Promino Nutritional Sciences is progressively becoming more dependent on debt to grow their business.

Promino Nutritional Sciences LT-Debt-to-Total-Asset Historical Data

The historical data trend for Promino Nutritional Sciences'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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Promino Nutritional Sciences LT-Debt-to-Total-Asset Chart

Promino Nutritional Sciences Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.08

0.01

10.37

Promino Nutritional Sciences Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.01	0.78	10.37	1.57	0.68

Promino Nutritional Sciences LT-Debt-to-Total-Asset Calculation

Promino Nutritional Sciences'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 )
	=	1.234	/	0.119
	=	10.37

Promino Nutritional Sciences's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	1.121	/	1.64
	=	0.68

Promino Nutritional Sciences (OTCPK:MUSLF) 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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Promino Nutritional Sciences Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Promino Nutritional Sciences Inc (OTCPK:MUSLF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

93X:Germany MUSL:Canada

Address

4145 North Service Road, 2nd Floor, Burlington, ON, CAN, L7L 6A3

Website

https://www.drinkpromino.com

Promino Nutritional Sciences Inc is a nutraceutical company specializing in the development of patented and science-based products for the global consumer packaged goods market, with a portfolio focused specifically on muscle health. Promino's lead product, Rejuvenate, is a patented proprietary formula that assists in the building, rebuilding, restoration, and rejuvenation of natural muscle mass. Promino also offers Promino, a performance supplement for both professional and amateur athletes to accelerate muscle recovery, build strength, and accelerate recovery from injury.