PlantFuel Life (XCNQ:FUEL) LT-Debt-to-Total-Asset : 0.27 (As of Jun. 2023)

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What is PlantFuel Life 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. PlantFuel Life's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.27.

PlantFuel Life's long-term debt to total assets ratio increased from Jun. 2022 (0.06) to Jun. 2023 (0.27). It may suggest that PlantFuel Life is progressively becoming more dependent on debt to grow their business.

PlantFuel Life LT-Debt-to-Total-Asset Historical Data

The historical data trend for PlantFuel Life'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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PlantFuel Life LT-Debt-to-Total-Asset Chart

PlantFuel Life Annual Data

Trend

Mar14

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Mar19

Sep20

Sep21

Sep22

LT-Debt-to-Total-Asset

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0.48

PlantFuel Life Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.48	0.50	0.46	0.27

PlantFuel Life LT-Debt-to-Total-Asset Calculation

PlantFuel Life's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (A: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2022 )	/	Total Assets (A: Sep. 2022 )
	=	1.972	/	4.147
	=	0.48

PlantFuel Life's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	2.17	/	8.106
	=	0.27

PlantFuel Life (XCNQ:FUEL) 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.

PlantFuel Life LT-Debt-to-Total-Asset Related Terms

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PlantFuel Life (XCNQ:FUEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PlantFuel Life Inc (XCNQ:FUEL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PLFLF:USA BR10:Germany

Address

2500 Meadowpine Boulevard, Unit 202, Mississauga, ON, CAN, L5N 6C4

Website

https://www.plantfuel.com

PlantFuel Life Inc is focused on delivering PLANT FUELED nutritional supplements to consumers. It utilizes a multi-approach: a process including formulations using clinically proven, banned substance-free ingredients that do not compromise on flavor, digestion quality, or performance output.

Executives

Brad Pyatt

Director, Senior Officer

PlantFuel Life (XCNQ:FUEL) Headlines

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