PeakBirch Commerce (XCNQ:PKB) LT-Debt-to-Total-Asset : 0.07 (As of Jul. 2022)

View and export this data going back to 2020. Start your Free Trial

What is PeakBirch Commerce 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. PeakBirch Commerce's long-term debt to total assests ratio for the quarter that ended in Jul. 2022 was 0.07.

PeakBirch Commerce's long-term debt to total assets ratio increased from Jul. 2021 (0.05) to Jul. 2022 (0.07). It may suggest that PeakBirch Commerce is progressively becoming more dependent on debt to grow their business.

PeakBirch Commerce LT-Debt-to-Total-Asset Historical Data

The historical data trend for PeakBirch Commerce'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.

* Premium members only.

PeakBirch Commerce LT-Debt-to-Total-Asset Chart

PeakBirch Commerce Annual Data

Trend

Oct20

Oct21

LT-Debt-to-Total-Asset

0.36

0.21

PeakBirch Commerce Quarterly Data
	Aug19	Aug20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.05	0.21	0.16	0.08	0.07

PeakBirch Commerce LT-Debt-to-Total-Asset Calculation

PeakBirch Commerce's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2021 is calculated as

LT Debt to Total Assets (A: Oct. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2021 )	/	Total Assets (A: Oct. 2021 )
	=	0.219	/	1.057
	=	0.21

PeakBirch Commerce's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2022 is calculated as

LT Debt to Total Assets (Q: Jul. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2022 )	/	Total Assets (Q: Jul. 2022 )
	=	0.12	/	1.639
	=	0.07

PeakBirch Commerce (XCNQ:PKB) 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.

PeakBirch Commerce LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of PeakBirch Commerce's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

PeakBirch Commerce (XCNQ:PKB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PeakBirch Commerce Inc (XCNQ:PKB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

400, 837 West Hastings Street, Vancouver, BC, CAN, V6C 3N6

Website

https://www.peakbirch.com

PeakBirch Commerce Inc is engaged in the distribution of vaporizers and accessories for aromatherapy and other purposes. Its geographical segments include United States, Canada, and United Kingdom .