OGOFF (Organto Foods) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is Organto Foods 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. Organto Foods's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Organto Foods's long-term debt to total assets ratio declined from Sep. 2023 (1.09) to Sep. 2024 (0.04). It may suggest that Organto Foods is progressively becoming less dependent on debt to grow their business.

Organto Foods LT-Debt-to-Total-Asset Historical Data

The historical data trend for Organto Foods'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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Organto Foods LT-Debt-to-Total-Asset Chart

Organto Foods Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.48

0.28

0.65

0.18

Organto Foods Quarterly Data
	Dec19	Mar20	Jun20	Sep20	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															1.09	0.18	0.11	0.05	0.04

Organto Foods LT-Debt-to-Total-Asset Calculation

Organto Foods'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 )
	=	0.941	/	5.155
	=	0.18

Organto Foods'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 )
	=	0.125	/	3.48
	=	0.04

Organto Foods (OTCPK:OGOFF) 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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Organto Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Organto Foods Inc (OTCPK:OGOFF) » Definitions » LT-Debt-to-Total-Asset

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OGO:Canada

Address

1111 Melville Street, Suite 410, Vancouver, BC, CAN, V6E 3V6

Website

https://www.organto.com

Organto Foods Inc is an integrated provider of branded, private label and bulk distributed organic and non-GMO fruit and vegetable products using a strategic asset-light business model to serve a growing socially responsible and health-conscious consumer around the globe. The company provides various products including avocados, bananas, blueberries, mango, asparagus, ginger and fresh cut herbs amongst others, marketed in bulk and private label formats. It has one reportable business segment, being the sourcing, processing, packaging, distribution and marketing of organic and specialty food products in Europe.