NGHI (New Green Hemp) LT-Debt-to-Total-Asset: 0.14 (As of Mar. 2019)


What is New Green Hemp LT-Debt-to-Total-Asset?

New Green Hemp NGHI LT-Debt-to-Total-Asset is 0.14 as of Mar. 2019.

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. New Green Hemp's long-term debt to total assests ratio for the quarter that ended in Mar. 2019 was 0.14.

New Green Hemp's long-term debt to total assets ratio declined from Mar. 2018 (0.18) to Mar. 2019 (0.14). It may suggest that New Green Hemp is progressively becoming less dependent on debt to grow their business.

New Green Hemp  (OTCPK:NGHI) 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.

New Green Hemp LT-Debt-to-Total-Asset Related Terms

New Green Hemp LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for New Green Hemp'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.

New Green Hemp LT-Debt-to-Total-Asset Chart

New Green Hemp Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.03 0.00 0.00 0.34 0.13

New Green Hemp Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.18 0.17 0.12 0.13 0.14

New Green Hemp LT-Debt-to-Total-Asset Calculation

New Green Hemp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )/Total Assets (A: Dec. 2018 )
=0.295/2.29
=

New Green Hemp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2019 is calculated as

LT Debt to Total Assets (Q: Mar. 2019 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2019 )/Total Assets (Q: Mar. 2019 )
=0.347/2.413
=0.14

* 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 0.14 mean?
New Green Hemp (NGHI) has a LT-Debt-to-Total-Asset of 0.14 as of Mar. 2019. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on New Green Hemp and its competitors.
Is New Green Hemp's LT-Debt-to-Total-Asset too high?
New Green Hemp's current LT-Debt-to-Total-Asset is 0.14.
How does New Green Hemp's LT-Debt-to-Total-Asset compare to PKDSQ and FSNR?
New Green Hemp's LT-Debt-to-Total-Asset of 0.14 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good LT-Debt-to-Total-Asset depends on the Oil & Gas 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 New Green Hemp and its competitors. New Green Hemp's current LT-Debt-to-Total-Asset is 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Green Hemp stock overvalued right now?
New Green Hemp (NGHI) has a current LT-Debt-to-Total-Asset of 0.14. The current LT-Debt-to-Total-Asset is 0.14. 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 New Green Hemp (NGHI), the current LT-Debt-to-Total-Asset is 0.14 as of Mar. 2019. 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.

New Green Hemp Business Description

Industry EnergyOil & Gas
Address 4362 Mahan Drive, Tallahassee, FL, USA, 32308
New Green Hemp Incis focused on developing and acquiring businesses that fit into the disruptive business model of Developing, Scaling, and Financing (DSF) within synergistic industries and focused business groups.