Discover Wellness Solutions (XCNQ:WLNS) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2021)

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What is Discover Wellness Solutions 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. Discover Wellness Solutions's long-term debt to total assests ratio for the quarter that ended in Sep. 2021 was 0.01.

Discover Wellness Solutions's long-term debt to total assets ratio increased from Sep. 2020 (0.01) to Sep. 2021 (0.01). It may suggest that Discover Wellness Solutions is progressively becoming more dependent on debt to grow their business.

Discover Wellness Solutions LT-Debt-to-Total-Asset Historical Data

The historical data trend for Discover Wellness Solutions'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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Discover Wellness Solutions LT-Debt-to-Total-Asset Chart

Discover Wellness Solutions Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

Discover Wellness Solutions Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.01	-	-	0.01	0.01

Discover Wellness Solutions LT-Debt-to-Total-Asset Calculation

Discover Wellness Solutions's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	0.06	/	15.111
	=

Discover Wellness Solutions's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2021 is calculated as

LT Debt to Total Assets (Q: Sep. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2021 )	/	Total Assets (Q: Sep. 2021 )
	=	0.06	/	4.954
	=	0.01

Discover Wellness Solutions (XCNQ:WLNS) 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.

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Discover Wellness Solutions (XCNQ:WLNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Discover Wellness Solutions Inc (XCNQ:WLNS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

707 5th Street SW, Suite 500, Calgary, AB, CAN, T2P 0Y3

Website

https://www.discoverwellness.solutions

Discover Wellness Solutions Inc is focused on the production, cultivation and sale of cannabis in various forms. The company through its wholly-owned subsidiary, Rocky Mountain Marijuana Inc, a late-stage applicant under the Cannabis Act. Rocky Mountain blends science with nature using aeroponic cultivation and CO2 extraction to produce high-purity, organic-quality cannabis products.

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