Gnomestar Craft (Gnomestar Craft) LT-Debt-to-Total-Asset : 0.37 (As of Dec. 2021)

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What is Gnomestar Craft 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. Gnomestar Craft's long-term debt to total assests ratio for the quarter that ended in Dec. 2021 was 0.37.

Gnomestar Craft's long-term debt to total assets ratio declined from Dec. 2020 (0.42) to Dec. 2021 (0.37). It may suggest that Gnomestar Craft is progressively becoming less dependent on debt to grow their business.

Gnomestar Craft LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gnomestar Craft'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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Gnomestar Craft LT-Debt-to-Total-Asset Chart

Gnomestar Craft Annual Data

Trend

Jun12

Jun13

Jun14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

LT-Debt-to-Total-Asset

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0.46

0.40

0.33

0.42

Gnomestar Craft Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.42	0.42	0.41	0.38	0.37

Gnomestar Craft LT-Debt-to-Total-Asset Calculation

Gnomestar Craft's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2021 is calculated as

LT Debt to Total Assets (A: Mar. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2021 )	/	Total Assets (A: Mar. 2021 )
	=	0.407	/	0.97
	=	0.42

Gnomestar Craft's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (Q: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2021 )	/	Total Assets (Q: Dec. 2021 )
	=	0.325	/	0.874
	=	0.37

Gnomestar Craft (OTCPK:VDQSF) 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.

Gnomestar Craft LT-Debt-to-Total-Asset Related Terms

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Gnomestar Craft (Gnomestar Craft) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Gnomestar Craft Inc (OTCPK:VDQSF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8778 River Road, Delta, BC, CAN, V4G 1B5

Website

https://gnomestarcannabis.com

Gnomestar Craft Inc, formerly Vodis Pharmaceuticals Inc is engaged in the manufacturing of craft cannabis. The company's facility is situated in Delta, British Columbia, Canada. The business operates in one segment being the marijuana industry, and all assets are located in Canada.The firm sells certain cannabis products for medical and recreational use to certain companies in Canada who are licensed for cultivation, processing and sell dried cannabis products.

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