Forbidden Spirits Distilling (TSXV:VDKA.H) LT-Debt-to-Total-Asset : 0.34 (As of Sep. 2022)

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What is Forbidden Spirits Distilling 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. Forbidden Spirits Distilling's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.34.

Forbidden Spirits Distilling's long-term debt to total assets ratio increased from Sep. 2021 (0.00) to Sep. 2022 (0.34). It may suggest that Forbidden Spirits Distilling is progressively becoming more dependent on debt to grow their business.

Forbidden Spirits Distilling LT-Debt-to-Total-Asset Historical Data

The historical data trend for Forbidden Spirits Distilling'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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Forbidden Spirits Distilling LT-Debt-to-Total-Asset Chart

Forbidden Spirits Distilling Annual Data

Trend

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

0.28

0.31

0.24

Forbidden Spirits Distilling Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					-	0.24	0.30	0.35	0.34

Forbidden Spirits Distilling LT-Debt-to-Total-Asset Calculation

Forbidden Spirits Distilling'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 )
	=	1.278	/	5.309
	=	0.24

Forbidden Spirits Distilling'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 )
	=	1.231	/	3.59
	=	0.34

Forbidden Spirits Distilling (TSXV:VDKA.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.

Forbidden Spirits Distilling LT-Debt-to-Total-Asset Related Terms

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Forbidden Spirits Distilling Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Forbidden Spirits Distilling Corp (TSXV:VDKA.H) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4400 Wallace Hill Road, Kelowna, BC, CAN, V1W 1C3

Website

https://www.forbiddenspirits.ca

Forbidden Spirits Distilling Corp is engaged in manufacturing, marketing, and selling spirits directly to consumers from its online store, as well as direct to off-premises retail liquor stores and direct to on-premises restaurants, hotels, pubs, bars, golf courses, and yacht clubs. Its brands include REBEL Vodka, Eve's Original Gin, Adam's Apple Brandy, Forbidden Fire, Forbidden Spirits Vodka, and Wallace Hill Whisky. The company's reportable operating segments include the distilling and sale of spirits, the sale of hand sanitizer and merchandise.

Forbidden Spirits Distilling Headlines

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