Maple Leaf Foods (TSX:MFI) LT-Debt-to-Total-Asset : 0.37 (As of Dec. 2023)

View and export this data going back to 1995. Start your Free Trial

What is Maple Leaf Foods 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. Maple Leaf Foods's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.37.

Maple Leaf Foods's long-term debt to total assets ratio declined from Dec. 2022 (0.42) to Dec. 2023 (0.37). It may suggest that Maple Leaf Foods is progressively becoming less dependent on debt to grow their business.

Maple Leaf Foods LT-Debt-to-Total-Asset Historical Data

The historical data trend for Maple Leaf Foods'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.

* Premium members only.

Maple Leaf Foods LT-Debt-to-Total-Asset Chart

Maple Leaf Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.21

0.24

0.32

0.42

0.37

Maple Leaf Foods 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															0.42	0.42	0.37	0.37	0.37

Maple Leaf Foods LT-Debt-to-Total-Asset Calculation

Maple Leaf Foods'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 )
	=	1692.366	/	4603.121
	=	0.37

Maple Leaf Foods'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 )
	=	1692.366	/	4603.121
	=	0.37

Maple Leaf Foods (TSX:MFI) 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.

Maple Leaf Foods LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Maple Leaf Foods's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Maple Leaf Foods (TSX:MFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Maple Leaf Foods Inc (TSX:MFI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MLFNF:USA M1L:Germany

Address

6985 Financial Drive, Mississauga, ON, CAN, L5N 0A1

Website

http://www.mapleleaffoods.com

Maple Leaf Foods Incs is a producer of food products under leading brands, including Maple Leaf, Maple Leaf PrimeMaple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Greenfield Natural Meat Co., Lightlife, and Field Roast. The Company's portfolio includes prepared meats, ready-to-cook and ready-toserve meals, and valued-added fresh pork and poultry, and plant protein products. Its main markets are Canada, the United States, Japan, and China. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell's Gourmet Food, Larse, Parm, and Hygrade.

Maple Leaf Foods (TSX:MFI) Headlines

From GuruFocus

mF International Limited Announces Pricing of Initial Public Offering

By GlobeNewswire • 04-20-2024