Greenway Greenhouse Cannabis (XCNQ:GWAY) LT-Debt-to-Total-Asset : 0.45 (As of Dec. 2023)

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What is Greenway Greenhouse Cannabis 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. Greenway Greenhouse Cannabis's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.45.

Greenway Greenhouse Cannabis's long-term debt to total assets ratio increased from Sep. 2022 (0.33) to Dec. 2023 (0.45). It may suggest that Greenway Greenhouse Cannabis is progressively becoming more dependent on debt to grow their business.

Greenway Greenhouse Cannabis LT-Debt-to-Total-Asset Historical Data

The historical data trend for Greenway Greenhouse Cannabis'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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Greenway Greenhouse Cannabis LT-Debt-to-Total-Asset Chart

Greenway Greenhouse Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.53

0.30

0.38

Greenway Greenhouse Cannabis Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.33	0.33	0.38	0.39	0.45

Greenway Greenhouse Cannabis LT-Debt-to-Total-Asset Calculation

Greenway Greenhouse Cannabis's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	13.567	/	35.305
	=	0.38

Greenway Greenhouse Cannabis'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 )
	=	15.726	/	34.785
	=	0.45

Greenway Greenhouse Cannabis (XCNQ:GWAY) 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.

Greenway Greenhouse Cannabis LT-Debt-to-Total-Asset Related Terms

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Greenway Greenhouse Cannabis (XCNQ:GWAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenway Greenhouse Cannabis Corp (XCNQ:GWAY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

GWAYF:USA

Address

1478 Seacliff Drive, Kingsville, ON, CAN, N9Y 2M2

Website

https://www.greenway.ca

Greenway Greenhouse Cannabis Corp is licensed to cultivate, process and sell to ensures harvests always consist of the highest quality cannabis strains with resinous flowers, trichomes, and rich cannabinoid profiles. The Company's nursery facility is located in Kingsville, Ontario, and its flowering and processing facility is located in Leamington, Ontario. The business model is to supply bulk packaged, high quality cannabis to the Canadian, cannabis industry at prices that ultimately provide a value proposition to the consumers. Greenway has three divisions with various locations; Greenway Nursery, Greenway Cultivation and future plans for Greenway Farmgate Retail Store.

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