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Canopy Growth LT-Debt-to-Total-Asset

: 0.07 (As of Dec. 2019)
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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. Canopy Growth's long-term debt to total assests ratio for the quarter that ended in Dec. 2019 was 0.07.

Canopy Growth's long-term debt to total assets ratio declined from Dec. 2018 (0.09) to Dec. 2019 (0.07). It may suggest that Canopy Growth is progressively becoming less dependent on debt to grow their business.


Canopy Growth LT-Debt-to-Total-Asset Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Canopy Growth Annual Data
Jul10 Jul11 Jul12 Jul13 Dec14 Mar16 Mar17 Mar18 Mar19
LT-Debt-to-Total-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.02 0.01 0.01 0.10

Canopy Growth Quarterly Data
Dec14 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
LT-Debt-to-Total-Asset 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 Premium Member Only Premium Member Only Premium Member Only 0.09 0.10 0.09 0.07 0.07

Canopy Growth LT-Debt-to-Total-Asset Calculation

Canopy Growth's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2019 is calculated as

LT Debt to Total Assets (A: Mar. 2019 )=Long-Term Debt & Capital Lease Obligation (A: Mar. 2019 )/Total Assets (A: Mar. 2019 )
=629.91474085708/6530.4053548725
=0.10

Canopy Growth's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (Q: Dec. 2019 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2019 )/Total Assets (Q: Dec. 2019 )
=407.09772951629/6109.8352190751
=0.07

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Canopy Growth  (NYSE:CGC) 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.


Canopy Growth LT-Debt-to-Total-Asset Related Terms

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