Entourage Health (TSXV:ENTG) LT-Debt-to-Total-Asset : 0.20 (As of Dec. 2023)

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What is Entourage Health 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. Entourage Health's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.20.

Entourage Health's long-term debt to total assets ratio increased from Dec. 2022 (0.13) to Dec. 2023 (0.20). It may suggest that Entourage Health is progressively becoming more dependent on debt to grow their business.

Entourage Health LT-Debt-to-Total-Asset Historical Data

The historical data trend for Entourage Health'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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Entourage Health LT-Debt-to-Total-Asset Chart

Entourage Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.44

0.04

0.13

0.20

Entourage Health 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															0.13	0.11	0.16	0.16	0.20

Entourage Health LT-Debt-to-Total-Asset Calculation

Entourage Health'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 )
	=	6.373	/	31.393
	=	0.20

Entourage Health'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 )
	=	6.373	/	31.393
	=	0.20

Entourage Health (TSXV:ENTG) 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.

Entourage Health LT-Debt-to-Total-Asset Related Terms

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Entourage Health (TSXV:ENTG) Business Description

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ETRGF:USA 4WE0:Germany

Address

250 Elm Street, Aylmer, ON, CAN, N5H 2M8

Website

https://www.weedmd.com

Entourage Health Corp is a licence holder producing and distributing cannabis products for both the medical and adult-use markets. It owns and operates greenhouse, outdoor, and processing facility located in Strathroy as well as a fully licensed Aylmer processing facility, specializing in cannabis extraction. With the addition of Starseed Medicinal, a medical-centric brand, it has expanded its multi-channeled distribution. The company operates in one segment, the production and sale of cannabis in Canada.