Purebread Brands (TSXV:BRED) LT-Debt-to-Total-Asset : 0.52 (As of Sep. 2024)

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What is Purebread Brands 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. Purebread Brands's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.52.

Purebread Brands's long-term debt to total assets ratio declined from Sep. 2023 (0.68) to Sep. 2024 (0.52). It may suggest that Purebread Brands is progressively becoming less dependent on debt to grow their business.

Purebread Brands LT-Debt-to-Total-Asset Historical Data

The historical data trend for Purebread Brands'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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Purebread Brands LT-Debt-to-Total-Asset Chart

Purebread Brands Annual Data

Trend

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.61

0.69

0.50

Purebread Brands Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.68	0.69	0.50	0.50	0.52

Purebread Brands LT-Debt-to-Total-Asset Calculation

Purebread Brands's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	14.634	/	29.559
	=	0.50

Purebread Brands'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 )
	=	14.881	/	28.871
	=	0.52

Purebread Brands (TSXV:BRED) 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.

Purebread Brands LT-Debt-to-Total-Asset Related Terms

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Purebread Brands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Purebread Brands Inc (TSXV:BRED) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1623 Pandora Street, Vancouver, BC, CAN, V5L 3V4

Website

https://www.purebreadbrands.com

Purebread Brands Inc is a growing force in commercial real estate and food technology, operating fast-casual cafes, bakeries, and shared-kitchen facilities.

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