Naturally Splendid Enterprises (TSXV:NSP.H) LT-Debt-to-Total-Asset : 0.29 (As of Sep. 2022)

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What is Naturally Splendid Enterprises 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. Naturally Splendid Enterprises's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.29.

Naturally Splendid Enterprises's long-term debt to total assets ratio declined from Sep. 2021 (0.34) to Sep. 2022 (0.29). It may suggest that Naturally Splendid Enterprises is progressively becoming less dependent on debt to grow their business.

Naturally Splendid Enterprises LT-Debt-to-Total-Asset Historical Data

The historical data trend for Naturally Splendid Enterprises'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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Naturally Splendid Enterprises LT-Debt-to-Total-Asset Chart

Naturally Splendid Enterprises Annual Data

Trend

Jan12

Jan13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.07

0.23

0.26

0.19

Naturally Splendid Enterprises Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.34	0.19	0.20	0.27	0.29

Naturally Splendid Enterprises LT-Debt-to-Total-Asset Calculation

Naturally Splendid Enterprises's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	0.83	/	4.274
	=	0.19

Naturally Splendid Enterprises's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )	/	Total Assets (Q: Sep. 2022 )
	=	0.68	/	2.329
	=	0.29

Naturally Splendid Enterprises (TSXV:NSP.H) 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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Naturally Splendid Enterprises (TSXV:NSP.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Naturally Splendid Enterprises Ltd (TSXV:NSP.H) » Definitions » LT-Debt-to-Total-Asset

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Address

19100 Airport Way, Unit 108, Pitt Meadows, BC, CAN, V3Y 0E2

Website

https://www.naturallysplendid.com

Naturally Splendid Enterprises Ltd operates a certified food manufacturing facility producing plant-based entrees, in the Greater Vancouver region in Canada. The company has an exclusive 10-year manufacturing, distribution and licensing agreement for Canada with Australia's largest plant-based food manufacturer. Naturally Splendid has launched Plantein Plant-Based Foods in both Foodservice and Retail Channels.

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