Spot Coffee (Canada) (TSXV:SPP) LT-Debt-to-Total-Asset : 0.82 (As of Sep. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Spot Coffee (Canada) 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. Spot Coffee (Canada)'s long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.82.

Spot Coffee (Canada)'s long-term debt to total assets ratio increased from Jun. 2022 (0.71) to Sep. 2023 (0.82). It may suggest that Spot Coffee (Canada) is progressively becoming more dependent on debt to grow their business.

Spot Coffee (Canada) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Spot Coffee (Canada)'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.

* Premium members only.

Spot Coffee (Canada) LT-Debt-to-Total-Asset Chart

Spot Coffee (Canada) Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.02

0.66

0.86

0.74

0.61

Spot Coffee (Canada) Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.71	0.74	0.61	0.72	0.82

Spot Coffee (Canada) LT-Debt-to-Total-Asset Calculation

Spot Coffee (Canada)'s Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	3.714	/	6.086
	=	0.61

Spot Coffee (Canada)'s Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	3.453	/	4.223
	=	0.82

Spot Coffee (Canada) (TSXV:SPP) 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.

Spot Coffee (Canada) LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Spot Coffee (Canada)'s LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Spot Coffee (Canada) (TSXV:SPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Spot Coffee (Canada) Ltd (TSXV:SPP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SCFFF:USA

Address

141, Adelaide Street West, Suite 1007, Toronto, ON, CAN, M5H 3L5

Website

https://www.spotcoffee.com

Spot Coffee (Canada) Ltd is a Canada-based company that designs, builds, and operates community-oriented cafes. It provides customer service, light meals, and in-house roasted gourmet coffee. The company's geographical segments include Canada and the United States of America. It derives a majority of revenue from the United States of America. The company generates maximum revenue from retail sales.

Executives

Anton Michel Ayoub

Director, Senior Officer

Spot Coffee (Canada) (TSXV:SPP) Headlines

No Headlines