Filament Health (NEOE:FH) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Filament 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. Filament Health's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Filament Health's long-term debt to total assets ratio declined from Sep. 2023 (0.22) to Sep. 2024 (0.03). It may suggest that Filament Health is progressively becoming less dependent on debt to grow their business.

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

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

Filament Health Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.03

0.24

0.23

Filament Health Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.22	0.23	0.30	0.04	0.03

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

Filament Health'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 )
	=	1.297	/	5.576
	=	0.23

Filament Health'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 )
	=	0.13	/	3.896
	=	0.03

Filament Health (NEOE:FH) 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.

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

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Filament Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Filament Health Corp (NEOE:FH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FLHLF:USA 7QS:Germany

Address

4475 Wayburne Drive, Unit 210, Burnaby, BC, CAN, V5G 4X4

Website

https://www.filament.health

Filament Health Corp is a natural psychedelic drug development company. Its mission is to see safe, approved, natural psychedelics in the hands of everyone who needs them as soon as possible. The group engages in natural extraction technology commercialization, utilizing its intellectual property portfolio, in-house GMP facility, and Health Canada psilocybin Dealer's License.

Executives

Benjamin Lightburn	Director, Senior Officer
Thomas Kineshanko	10% Security Holder
Warren Duncan	Senior Officer

Filament Health Headlines

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