SNAX (Stryve Foods) LT-Debt-to-Total-Asset: 0.47 (As of Sep. 2024)


SNAX Stryve Foods Inc SNAX
16 GF Score
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What is Stryve Foods LT-Debt-to-Total-Asset?

Stryve Foods SNAX 16 LT-Debt-to-Total-Asset is 0.47 as of Sep. 2024. GuruFocus rates SNAX with a GF Score™ of 16/100.

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. Stryve Foods's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.47.

Stryve Foods's long-term debt to total assets ratio increased from Sep. 2023 (0.44) to Sep. 2024 (0.47). It may suggest that Stryve Foods is progressively becoming more dependent on debt to grow their business.

Stryve Foods  (OTCPK:SNAX) 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.

Stryve Foods LT-Debt-to-Total-Asset Related Terms

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

* Premium members only.

The historical data trend for Stryve 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.

Stryve Foods LT-Debt-to-Total-Asset Chart

Stryve Foods Annual Data
Trend Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.15 0.22 0.40 0.47

Stryve Foods Quarterly Data
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 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 0.44 0.47 0.48 0.47 0.47
SNAX
16GF Score
Stryve Foods Inc SNAX
LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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Stryve Foods LT-Debt-to-Total-Asset Calculation

Stryve 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 )
=15.348/32.712
=0.47

Stryve 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 )
=14.848/31.457
=0.47

* 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 0.47 mean?
Stryve Foods (SNAX) has a LT-Debt-to-Total-Asset of 0.47 as of Sep. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Stryve Foods and its competitors.
Is Stryve Foods' LT-Debt-to-Total-Asset too high?
Stryve Foods' current LT-Debt-to-Total-Asset is 0.47. Overall, Stryve Foods has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Stryve Foods' LT-Debt-to-Total-Asset compare to BSFC and BDPT?
Stryve Foods' LT-Debt-to-Total-Asset of 0.47 can be compared against companies in the Consumer Packaged Goods 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 a Consumer Packaged Goods company?
A good LT-Debt-to-Total-Asset depends on the Consumer Packaged Goods 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 Stryve Foods and its competitors. Stryve Foods's current LT-Debt-to-Total-Asset is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stryve Foods stock overvalued right now?
Stryve Foods (SNAX) has a current LT-Debt-to-Total-Asset of 0.47. The current LT-Debt-to-Total-Asset is 0.47. Stryve Foods' overall GF Score™ is 16/100. 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 Stryve Foods (SNAX), the current LT-Debt-to-Total-Asset is 0.47 as of Sep. 2024. 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.

Stryve Foods Business Description

Address Post Office Box 864, Frisco, TX, USA, 75034
Stryve Foods Inc is a healthy snacking company that manufactures, markets, and sells differentiated healthy snacking products. The company offers convenient snacks that are lower in sugar and carbohydrates and higher in protein than other snacks.
16GF Score

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