Greenrise Global Brands (XCNQ:XCX) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Greenrise Global Brands 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. Greenrise Global Brands's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Greenrise Global Brands's long-term debt to total assets ratio declined from Sep. 2023 (6.61) to Sep. 2024 (0.00). It may suggest that Greenrise Global Brands is progressively becoming less dependent on debt to grow their business.

Greenrise Global Brands LT-Debt-to-Total-Asset Historical Data

The historical data trend for Greenrise Global Brands'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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Greenrise Global Brands LT-Debt-to-Total-Asset Chart

Greenrise Global Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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2.89

7.40

2.01

5.92

Greenrise Global Brands 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															6.61	5.92	-	-	-

Greenrise Global Brands LT-Debt-to-Total-Asset Calculation

Greenrise Global Brands'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 )
	=	3.833	/	0.647
	=

Greenrise Global Brands'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	/	0.666
	=

Greenrise Global Brands (XCNQ:XCX) 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.

Greenrise Global Brands LT-Debt-to-Total-Asset Related Terms

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Greenrise Global Brands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenrise Global Brands Inc (XCNQ:XCX) » Definitions » LT-Debt-to-Total-Asset

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C4T:Germany

Address

224 5th Avenue West, Vancouver, BC, CAN, V5Y 1J4

Website

https://www.greenriseglobal.com

Greenrise Global Brands Inc helps Germans benefit from the well-being benefits of cannabis through its CBD wellness and medical cannabis businesses. The Company has one reportable business segment, being the pharmaceutical supply of medical cannabis products to German pharmacies.

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