VGFCQ (The Very Good Food Co) LT-Debt-to-Total-Asset: 0.27 (As of Sep. 2022)


VGFCQ The Very Good Food Co Inc VGFCQ
12 GF Score
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What is The Very Good Food Co LT-Debt-to-Total-Asset?

The Very Good Food Co VGFCQ -99.98% 12 LT-Debt-to-Total-Asset is 0.27 as of Sep. 2022. GuruFocus rates VGFCQ with a GF Score™ of 12/100.

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. The Very Good Food Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.27.

The Very Good Food Co's long-term debt to total assets ratio declined from Sep. 2021 (0.36) to Sep. 2022 (0.27). It may suggest that The Very Good Food Co is progressively becoming less dependent on debt to grow their business.

The Very Good Food Co  (OTCPK:VGFCQ) 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.

The Very Good Food Co LT-Debt-to-Total-Asset Related Terms

The Very Good Food Co LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for The Very Good Food Co'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.

The Very Good Food Co LT-Debt-to-Total-Asset Chart

The Very Good Food Co Annual Data
Trend Dec19 Dec20 Dec21
LT-Debt-to-Total-Asset
0.71 0.15 0.28

The Very Good Food Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.36 0.28 0.35 0.23 0.27
VGFCQ
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The Very Good Food Co Inc VGFCQ
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The Very Good Food Co LT-Debt-to-Total-Asset Calculation

The Very Good Food Co'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 )
=17.374/61.206
=0.28

The Very Good Food Co'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 )
=9.542/34.843
=0.27

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.27 mean?
The Very Good Food Co (VGFCQ) has a LT-Debt-to-Total-Asset of 0.27 as of Sep. 2022. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on The Very Good Food Co and its competitors.
Is The Very Good Food Co's LT-Debt-to-Total-Asset too high?
The Very Good Food Co's current LT-Debt-to-Total-Asset is 0.27. Overall, The Very Good Food Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does The Very Good Food Co's LT-Debt-to-Total-Asset compare to KHC and GIS?
The Very Good Food Co's LT-Debt-to-Total-Asset of 0.27 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Consumer Packaged Goods company?
A good LT-Debt-to-Total-Asset depends on the Consumer Packaged Goods industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on The Very Good Food Co and its competitors. The Very Good Food Co's current LT-Debt-to-Total-Asset is 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Very Good Food Co stock overvalued right now?
The Very Good Food Co (VGFCQ) has a current LT-Debt-to-Total-Asset of 0.27. The current LT-Debt-to-Total-Asset is 0.27. The Very Good Food Co's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For The Very Good Food Co (VGFCQ), the current LT-Debt-to-Total-Asset is 0.27 as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

The Very Good Food Co Business Description

Address 2748 Rupert Street, Vancouver, BC, CAN, M4W 3P4
The Very Good Food Co Inc operates in the food industry. The company is a food technology company that designs, develops, produces, distributes, and sells a variety of plant-based meat and other food alternatives.
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