THS Maple Holdings (TSXV:YAY) LT-Debt-to-Total-Asset : 0.15 (As of Nov. 2023)

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What is THS Maple Holdings 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. THS Maple Holdings's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.15.

THS Maple Holdings's long-term debt to total assets ratio declined from Nov. 2021 (0.21) to Nov. 2023 (0.15). It may suggest that THS Maple Holdings is progressively becoming less dependent on debt to grow their business.

THS Maple Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for THS Maple Holdings'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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THS Maple Holdings LT-Debt-to-Total-Asset Chart

THS Maple Holdings Annual Data

Trend

Nov21

Nov22

LT-Debt-to-Total-Asset

0.21

0.20

THS Maple Holdings Semi-Annual Data
	Nov21	Nov22	Nov23
LT-Debt-to-Total-Asset	0.21	0.20	0.15

THS Maple Holdings LT-Debt-to-Total-Asset Calculation

THS Maple Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2022 is calculated as

LT Debt to Total Assets (A: Nov. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2022 )	/	Total Assets (A: Nov. 2022 )
	=	1.115	/	5.691
	=	0.20

THS Maple Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	1.02	/	6.816
	=	0.15

THS Maple Holdings (TSXV:YAY) 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.

THS Maple Holdings LT-Debt-to-Total-Asset Related Terms

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THS Maple Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » THS Maple Holdings Ltd (TSXV:YAY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

94 Riverwood Parkway, Toronto, ON, CAN, M8Y 4E9

Website

https://www.turkeyhill.ca

THS Maple Holdings Ltd supplies bottles, packages, and markets high-quality maple syrup and maple syrup products. Geographically the company generates the majority of its revenue from Canada.

THS Maple Holdings Headlines

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