Optimi Health (XCNQ:OPTI) LT-Debt-to-Total-Asset : 0.17 (As of Mar. 2024)

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What is Optimi Health 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. Optimi Health's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.17.

Optimi Health's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.17). It may suggest that Optimi Health is progressively becoming more dependent on debt to grow their business.

Optimi Health LT-Debt-to-Total-Asset Historical Data

The historical data trend for Optimi Health'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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Optimi Health LT-Debt-to-Total-Asset Chart

Optimi Health Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

0.02

0.01

0.10

Optimi Health Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									-	-	0.10	0.17	0.17

Optimi Health LT-Debt-to-Total-Asset Calculation

Optimi Health's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	1.671	/	16.492
	=	0.10

Optimi Health's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	2.624	/	15.193
	=	0.17

Optimi Health (XCNQ:OPTI) 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.

Optimi Health LT-Debt-to-Total-Asset Related Terms

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Optimi Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Optimi Health Corp (XCNQ:OPTI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

OPTHF:USA 8BN:Germany

Address

21 Water Street, Suite 600, Vancouver, BC, CAN, V6B 1A1

Website

https://www.optimihealth.ca

Optimi Health Corp operates in developing a vertically integrated Canadian functional mushroom brand that focuses on the health and wellness sector. The company has one reportable operating segment being that of the farming, processing, and distribution of raw mushroom biomass. It also intends to cultivate, extract, process, and distribute strains of fungi products at its facilities located in Princeton, British Columbia.

Executives

Dane Nicholas Stevens	Director, Senior Officer
Bryan Edward Safarik	Director, Senior Officer
William John Ciprick	Senior Officer
Jacob Frederick Safarik	Director, Senior Officer
Jonathan Schintler	Director
John James Wilson	Director
Michael Alan Stier	Director