BevCanna Enterprises (STU:7BC) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is BevCanna Enterprises 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. BevCanna Enterprises's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

BevCanna Enterprises's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.01). It may suggest that BevCanna Enterprises is progressively becoming more dependent on debt to grow their business.

BevCanna Enterprises LT-Debt-to-Total-Asset Historical Data

The historical data trend for BevCanna Enterprises'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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BevCanna Enterprises LT-Debt-to-Total-Asset Chart

BevCanna Enterprises Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

BevCanna Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.01	0.01	0.01	0.01

BevCanna Enterprises LT-Debt-to-Total-Asset Calculation

BevCanna Enterprises'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 )
	=	0.055	/	8.933
	=	0.01

BevCanna Enterprises's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.055	/	8.933
	=	0.01

BevCanna Enterprises (STU:7BC) 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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BevCanna Enterprises (STU:7BC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » BevCanna Enterprises Inc (STU:7BC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

BVNNF:USA BEV:Canada

Address

300 1008 Homer Street, Vancouver, BC, CAN, V6B 2X1

Website

https://www.bevcanna.com

BevCanna Enterprises Inc develops and manufactures cannabidiol (CBD) and tetrahydrocannabinol (THC) beverages and supplements for both in-house brands and white-label customers. It also provides direct-to-customer sales of natural health products, including nutraceutical and hemp-based CBD products. Its geographical segments are Canada and the United States.

BevCanna Enterprises (STU:7BC) Headlines

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