SSLCF (Simply Solventless Concentrates) LT-Debt-to-Total-Asset : 0.12 (As of Sep. 2024)

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What is Simply Solventless Concentrates 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. Simply Solventless Concentrates's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.12.

Simply Solventless Concentrates's long-term debt to total assets ratio declined from Sep. 2023 (0.17) to Sep. 2024 (0.12). It may suggest that Simply Solventless Concentrates is progressively becoming less dependent on debt to grow their business.

Simply Solventless Concentrates LT-Debt-to-Total-Asset Historical Data

The historical data trend for Simply Solventless Concentrates'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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Simply Solventless Concentrates LT-Debt-to-Total-Asset Chart

Simply Solventless Concentrates Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.01

0.64

0.11

Simply Solventless Concentrates Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.17	0.11	0.09	0.06	0.12

Simply Solventless Concentrates LT-Debt-to-Total-Asset Calculation

Simply Solventless Concentrates'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 )
	=	0.856	/	7.635
	=	0.11

Simply Solventless Concentrates'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 )
	=	2.123	/	18.054
	=	0.12

Simply Solventless Concentrates (OTCPK:SSLCF) 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.

Simply Solventless Concentrates LT-Debt-to-Total-Asset Related Terms

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Simply Solventless Concentrates Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Simply Solventless Concentrates Ltd (OTCPK:SSLCF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

HASH:Canada

Address

4200, 888 - 3rd Street SW, Calgary, AB, CAN, T2P5C5

Website

https://www.simplysolventless.ca

Simply Solventless Concentrates Ltd is a company that provides pure, potent, terpene-rich solvent less concentrates to discerning cannabis consumers. The company serves the recreational, medical, and business-to-business cannabis markets in Canada.