Naples Soap Co (Naples Soap Co) LT-Debt-to-Total-Asset : 0.59 (As of Jun. 2023)

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What is Naples Soap Co 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. Naples Soap Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.59.

Naples Soap Co's long-term debt to total assets ratio increased from . 20 (0.00) to Jun. 2023 (0.59). It may suggest that Naples Soap Co is progressively becoming more dependent on debt to grow their business.

Naples Soap Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Naples Soap 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.

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Naples Soap Co LT-Debt-to-Total-Asset Chart

Naples Soap Co Annual Data

Trend

LT-Debt-to-Total-Asset

Naples Soap Co Semi-Annual Data
	Jun22	Jun23
LT-Debt-to-Total-Asset	-	0.59

Naples Soap Co LT-Debt-to-Total-Asset Calculation

Naples Soap Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )	=	Long-Term Debt & Capital Lease Obligation (A: . 20 )	/	Total Assets (A: . 20 )
	=		/
	=

Naples Soap Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	4.181	/	7.064
	=	0.59

Naples Soap Co (OTCPK:NASO) 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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Naples Soap Co (Naples Soap Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Naples Soap Co Inc (OTCPK:NASO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

14601 Jetport Loop, Suite 180, Fort Myers, FL, USA, 33913

Website

https://www.naplessoap.com

Naples Soap Co Inc is a health and wellness brand that offers personal care products including soap, hair, face, and skincare products through its own brick and mortar retail stores and website, national and boutique re-sellers, and online marketplaces including Amazon and Faire.

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