Columbia Care (XCNQ:CCHW) LT-Debt-to-Total-Asset : 0.64 (As of Dec. 2023)

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What is Columbia Care 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. Columbia Care's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.64.

Columbia Care's long-term debt to total assets ratio increased from Dec. 2022 (0.51) to Dec. 2023 (0.64). It may suggest that Columbia Care is progressively becoming more dependent on debt to grow their business.

Columbia Care LT-Debt-to-Total-Asset Historical Data

The historical data trend for Columbia Care'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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Columbia Care LT-Debt-to-Total-Asset Chart

Columbia Care Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.38

0.29

0.51

0.64

Columbia Care Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.51	0.56	0.52	0.55	0.64

Columbia Care LT-Debt-to-Total-Asset Calculation

Columbia Care's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	702.152	/	1104.286
	=	0.64

Columbia Care's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	702.152	/	1104.286
	=	0.64

Columbia Care (XCNQ:CCHW) 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.

Columbia Care LT-Debt-to-Total-Asset Related Terms

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Columbia Care (XCNQ:CCHW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Columbia Care Inc (XCNQ:CCHW) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

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CBSTF:USA VW5:Germany CBST:Canada

Address

680 Fifth Avenue, 24th Floor, New York, NY, USA, 10019

Website

https://investors.columbia.care

Cannabist Company Holdings Inc Formerly Columbia Care Inc is a cultivator, manufacturer, and provider of medical cannabis products and services. Some of its products are Vaporization Oil, Sublingual Tinctures, Lotions, Hard Pressed Tablets, and Suppositories, among others. The company markets its products under Amber, ClaraCeed, Press, Platinum label, Platinum Partners, Seed & Starin, and Triple 777 brands.

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