Herbal Dispatch (XCNQ:HERB) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Herbal Dispatch 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. Herbal Dispatch's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Herbal Dispatch's long-term debt to total assets ratio declined from Sep. 2023 (0.12) to Sep. 2024 (0.05). It may suggest that Herbal Dispatch is progressively becoming less dependent on debt to grow their business.

Herbal Dispatch LT-Debt-to-Total-Asset Historical Data

The historical data trend for Herbal Dispatch'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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Herbal Dispatch LT-Debt-to-Total-Asset Chart

Herbal Dispatch Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.06

0.17

Herbal Dispatch Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.17	0.06	0.05	0.05

Herbal Dispatch LT-Debt-to-Total-Asset Calculation

Herbal Dispatch'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 )
	=	1.372	/	8.187
	=	0.17

Herbal Dispatch's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	0.407	/	8.723
	=	0.05

Herbal Dispatch (XCNQ:HERB) 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.

Herbal Dispatch LT-Debt-to-Total-Asset Related Terms

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Herbal Dispatch Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Herbal Dispatch Inc (XCNQ:HERB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

LUFFF:USA

Address

1055 West Georgia Street, Suite 1750, Royal Centre, Vancouver, BC, CAN, V6E 3P3

Website

https://www.herbaldispatch.com

Herbal Dispatch Inc owns and operates cannabis e-commerce platforms in both Canada and the United States and is dedicated to providing top-quality cannabis to informed consumers at affordable pricing. The company's flagship cannabis marketplace, Herbal Dispatch, is a trusted source for exclusive access to small-batch craft cannabis flowers and a wide array of other product formats. It generates revenue in one reportable segment: cannabis and cannabis-related products. Geographically, the company generates a majority of its revenue from Canada.

Executives

Jason Neil Vandenberg	Senior Officer
Herb Dhaliwal	Director