Hempalta (TSXV:HEMP) LT-Debt-to-Total-Asset : 0.28 (As of Dec. 2024)

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What is Hempalta 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. Hempalta's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.28.

Hempalta's long-term debt to total assets ratio declined from Dec. 2023 (0.48) to Dec. 2024 (0.28). It may suggest that Hempalta is progressively becoming less dependent on debt to grow their business.

Hempalta LT-Debt-to-Total-Asset Historical Data

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

Hempalta Annual Data

Trend

Sep23

Sep24

LT-Debt-to-Total-Asset

0.45

0.25

Hempalta Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.48	0.21	0.17	0.25	0.28

Hempalta LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	1.315	/	5.189
	=	0.25

Hempalta's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	1.293	/	4.584
	=	0.28

Hempalta (TSXV:HEMP) 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.

Hempalta LT-Debt-to-Total-Asset Related Terms

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Hempalta Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hempalta Corp (TSXV:HEMP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1560 Hastings Crescent SE, Calgary, AB, CAN, T2G 4E1

Website

https://www.hempalta.com

Hempalta Corp is focused on harnessing the immense potential of hemp. Its products are made from hemp grown sustainably in Alberta and processed using a processing plant at its production facility in Calgary. Its products include iochar, Hemp-Fresco, HempyCat, Animal Bedding, Hemp Garden Mulch, Hemp Pak, HempZorb, Hurd for Hempcrete, Bast Fiber, Hurd, Micro Hurd and Green Microfiber.