Canyon Creek Food Co (TSXV:CYF) LT-Debt-to-Total-Asset : 2.57 (As of Feb. 2024)

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What is Canyon Creek Food Co 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. Canyon Creek Food Co's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 2.57.

Canyon Creek Food Co's long-term debt to total assets ratio increased from Feb. 2023 (2.19) to Feb. 2024 (2.57). It may suggest that Canyon Creek Food Co is progressively becoming more dependent on debt to grow their business.

Canyon Creek Food Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Canyon Creek Food Co'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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Canyon Creek Food Co LT-Debt-to-Total-Asset Chart

Canyon Creek Food Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

LT-Debt-to-Total-Asset

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4.95

3.41

3.01

2.13

2.61

Canyon Creek Food Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															2.19	2.61	2.66	2.44	2.57

Canyon Creek Food Co LT-Debt-to-Total-Asset Calculation

Canyon Creek Food Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	17.353	/	6.648
	=	2.61

Canyon Creek Food Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	18.863	/	7.335
	=	2.57

Canyon Creek Food Co (TSXV:CYF) 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.

Canyon Creek Food Co LT-Debt-to-Total-Asset Related Terms

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Canyon Creek Food Co (TSXV:CYF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Canyon Creek Food Co Ltd (TSXV:CYF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

8704 - 53rd Avenue, Edmonton, AB, CAN, T6E 5G2

Website

http://www.canyoncreekfood.com

Canyon Creek Food Co Ltd is a food processing company based in Edmonton, Alberta providing fresh soups and other prepared food products for the health-conscious consumer. The company's product offerings include fresh sauces, gravies, mash potatoes, stews and chillies, and others. It provides its fresh food product line to both grocery retailers and a broad range of food service establishments, such as restaurants and institutions throughout Canada. Geographically it caters to Canada and USA and earns key revenue from Canada.

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