TOBAF (TAAT Global Alternatives) LT-Debt-to-Total-Asset : 0.03 (As of Jul. 2024)

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What is TAAT Global Alternatives 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. TAAT Global Alternatives's long-term debt to total assests ratio for the quarter that ended in Jul. 2024 was 0.03.

TAAT Global Alternatives's long-term debt to total assets ratio declined from Jul. 2023 (0.16) to Jul. 2024 (0.03). It may suggest that TAAT Global Alternatives is progressively becoming less dependent on debt to grow their business.

TAAT Global Alternatives LT-Debt-to-Total-Asset Historical Data

The historical data trend for TAAT Global Alternatives'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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TAAT Global Alternatives LT-Debt-to-Total-Asset Chart

TAAT Global Alternatives Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

LT-Debt-to-Total-Asset

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0.01

0.18

0.20

TAAT Global Alternatives Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.20	0.18	0.03	0.03

TAAT Global Alternatives LT-Debt-to-Total-Asset Calculation

TAAT Global Alternatives's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (A: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2023 )	/	Total Assets (A: Oct. 2023 )
	=	1.944	/	9.789
	=	0.20

TAAT Global Alternatives's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2024 is calculated as

LT Debt to Total Assets (Q: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2024 )	/	Total Assets (Q: Jul. 2024 )
	=	0.219	/	7.746
	=	0.03

TAAT Global Alternatives (OTCPK:TOBAF) 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.

TAAT Global Alternatives LT-Debt-to-Total-Asset Related Terms

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TAAT Global Alternatives Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » TAAT Global Alternatives Inc (OTCPK:TOBAF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

2TP0:Germany TAAT:Canada

Address

1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9

Website

https://www.taatglobal.com

TAAT Global Alternatives Inc is a Canada-based company, which develops, manufactures, and distributes alternative product categories such as tobacco, hemp, and other emerging CPG segments. The company has two reportable segments, the sale of non-tobacco and tobacco products. It generates the majority of its revenue from the tobacco products segment.