Plantify Foods (TSXV:PTFY) LT-Debt-to-Total-Asset : 1.93 (As of Sep. 2024)

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What is Plantify Foods 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. Plantify Foods's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 1.93.

Plantify Foods's long-term debt to total assets ratio increased from Sep. 2023 (0.25) to Sep. 2024 (1.93). It may suggest that Plantify Foods is progressively becoming more dependent on debt to grow their business.

Plantify Foods LT-Debt-to-Total-Asset Historical Data

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

Plantify Foods Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.55

0.36

0.40

0.41

Plantify Foods Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.25	0.41	0.39	0.45	1.93

Plantify Foods LT-Debt-to-Total-Asset Calculation

Plantify Foods'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 )
	=	1.307	/	3.202
	=	0.41

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	1.081	/	0.559
	=	1.93

Plantify Foods (TSXV:PTFY) 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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Plantify Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Plantify Foods Inc (TSXV:PTFY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2264 E 11th Avenue, Vancouver, BC, CAN, V5N 1Z6

Website

https://www.plantifyfoods.com

Plantify Foods Inc is engaged in the development, production, and sales of plant-based foods out of its subsidiary's factory located in Kibbutz Gonen. Its geographic regions are Israel, Europe, and the United States. Its products are Dips, Spreads & Salads, Stews, Veggie Nuggets & Balls, Soups, and White Label.

Plantify Foods Headlines

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