Good Natured Products (TSXV:GDNP) LT-Debt-to-Total-Asset : 0.56 (As of Dec. 2023)

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What is Good Natured Products 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. Good Natured Products's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.56.

Good Natured Products's long-term debt to total assets ratio increased from Dec. 2022 (0.50) to Dec. 2023 (0.56). It may suggest that Good Natured Products is progressively becoming more dependent on debt to grow their business.

Good Natured Products LT-Debt-to-Total-Asset Historical Data

The historical data trend for Good Natured Products'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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Good Natured Products LT-Debt-to-Total-Asset Chart

Good Natured Products Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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1.06

0.57

0.07

0.50

0.56

Good Natured Products 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															0.50	0.54	0.51	0.50	0.56

Good Natured Products LT-Debt-to-Total-Asset Calculation

Good Natured Products'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 )
	=	53.713	/	96.04
	=	0.56

Good Natured Products'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 )
	=	53.713	/	96.04
	=	0.56

Good Natured Products (TSXV:GDNP) 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.

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Good Natured Products (TSXV:GDNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Good Natured Products Inc (TSXV:GDNP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GDNPF:USA 2VL:Germany

Address

814 - 470 Granville Street, Vancouver, BC, CAN, V6C 1V5

Website

https://www.goodnatured.ca

Good Natured Products Inc offers a broad assortment of plant-based products. All of the Company's operations are within the packaging and consumer goods manufacturing industry. The Company manufactures and/or sources over 400 products that are grouped into five business groups: General Merchandise, Packaging, Industrial, Commercial Supplies, and Services. The Company offers its products through wholesale, direct to business, and retail channels.

Executives

James Noel Harvey

Senior Officer

Good Natured Products (TSXV:GDNP) Headlines

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