Good Flour (STU:3KZ) LT-Debt-to-Total-Asset : 0.84 (As of Sep. 2024)

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What is Good Flour 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. Good Flour's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.84.

Good Flour's long-term debt to total assets ratio increased from Sep. 2023 (0.43) to Sep. 2024 (0.84). It may suggest that Good Flour is progressively becoming more dependent on debt to grow their business.

Good Flour LT-Debt-to-Total-Asset Historical Data

The historical data trend for Good Flour'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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Good Flour LT-Debt-to-Total-Asset Chart

Good Flour Annual Data

Trend

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.24

0.33

0.56

Good Flour Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.43	0.35	0.54	0.56	0.84

Good Flour LT-Debt-to-Total-Asset Calculation

Good Flour's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	0.404	/	0.727
	=	0.56

Good Flour'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 )
	=	0.58	/	0.69
	=	0.84

Good Flour (STU:3KZ) 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.

Good Flour LT-Debt-to-Total-Asset Related Terms

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Good Flour Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Good Flour Corp (STU:3KZ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GFCOF:USA 3KZ:Germany GFCO:Canada

Address

5791 Sidley Street, Burnaby, BC, CAN, V5J 5E6

Website

https://www.goodflour.co

Good Flour Corp is engaged in manufacturing and selling gluten-free and plant-based food products. It currently offers Pizza Blends, Batter Premixes, Pancake and Waffle Blends and Gluten-Free Desserts.

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