Gaia Grow (XCNQ:GAIA) LT-Debt-to-Total-Asset : 0.68 (As of Sep. 2022)

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What is Gaia Grow 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. Gaia Grow's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.68.

Gaia Grow's long-term debt to total assets ratio increased from Sep. 2021 (0.19) to Sep. 2022 (0.68). It may suggest that Gaia Grow is progressively becoming more dependent on debt to grow their business.

Gaia Grow LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gaia Grow'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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Gaia Grow LT-Debt-to-Total-Asset Chart

Gaia Grow Annual Data

Trend

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Dec21

LT-Debt-to-Total-Asset

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0.14

0.54

Gaia Grow Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.54	0.63	0.76	0.68

Gaia Grow LT-Debt-to-Total-Asset Calculation

Gaia Grow'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 )
	=	1.174	/	2.159
	=	0.54

Gaia Grow'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 )
	=	1.011	/	1.489
	=	0.68

Gaia Grow (XCNQ:GAIA) 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.

Gaia Grow LT-Debt-to-Total-Asset Related Terms

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