Blueberries Medical (STU:1OA) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2023)

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What is Blueberries Medical 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. Blueberries Medical's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.06.

Blueberries Medical's long-term debt to total assets ratio declined from Sep. 2022 (0.09) to Sep. 2023 (0.06). It may suggest that Blueberries Medical is progressively becoming less dependent on debt to grow their business.

Blueberries Medical LT-Debt-to-Total-Asset Historical Data

The historical data trend for Blueberries Medical'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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Blueberries Medical LT-Debt-to-Total-Asset Chart

Blueberries Medical Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.06

0.18

0.06

0.04

Blueberries Medical Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.04	0.05	0.05	0.06

Blueberries Medical LT-Debt-to-Total-Asset Calculation

Blueberries Medical's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.097	/	2.331
	=	0.04

Blueberries Medical's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.105	/	1.863
	=	0.06

Blueberries Medical (STU:1OA) 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.

Blueberries Medical LT-Debt-to-Total-Asset Related Terms

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Blueberries Medical (STU:1OA) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Blueberries Medical Corp (STU:1OA) » Definitions » LT-Debt-to-Total-Asset

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BBRRF:USA BBM:Canada

Address

8500 West Georgia Street, Suite 2200, Vancouve, BC, CAN, V6C 3E8

Website

https://www.blueberriesmed.com

Blueberries Medical Corp is a licensed producer of psychoactive and non-psychoactive cannabis by-products in Colombia. It cultivates, produces, and distributes cannabidiol (CBD) and THC (tetrahydrocannabinol) based medical cannabis domestically as well as internationally. It generates all of its revenues from Colombia.

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