YourWay Cannabis Brands (YourWay Cannabis Brands) LT-Debt-to-Total-Asset : 0.15 (As of Sep. 2021)

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What is YourWay Cannabis 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. YourWay Cannabis Brands's long-term debt to total assests ratio for the quarter that ended in Sep. 2021 was 0.15.

YourWay Cannabis Brands's long-term debt to total assets ratio declined from Sep. 2020 (0.27) to Sep. 2021 (0.15). It may suggest that YourWay Cannabis Brands is progressively becoming less dependent on debt to grow their business.

YourWay Cannabis Brands LT-Debt-to-Total-Asset Historical Data

The historical data trend for YourWay Cannabis 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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YourWay Cannabis Brands LT-Debt-to-Total-Asset Chart

YourWay Cannabis Brands Annual Data

Trend

Dec19

Dec20

LT-Debt-to-Total-Asset

0.59

0.21

YourWay Cannabis Brands Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.27	0.21	0.13	0.12	0.15

YourWay Cannabis Brands LT-Debt-to-Total-Asset Calculation

YourWay Cannabis Brands'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 )
	=	3.162	/	14.828
	=	0.21

YourWay Cannabis Brands'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 )
	=	4.297	/	27.908
	=	0.15

YourWay Cannabis Brands (OTCPK:YOURF) 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.

YourWay Cannabis Brands LT-Debt-to-Total-Asset Related Terms

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YourWay Cannabis Brands (YourWay Cannabis Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » YourWay Cannabis Brands Inc (OTCPK:YOURF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

885 W Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8

Website

https://www.hollistercannabisco.com

YourWay Cannabis Brands Inc is a multi-state operator with sales and operations in Arizona and California. Through building own brands, partnering with others, and providing white-labelled product, company is dedicated towards expanding the reach; remolding the cannabis industry and ultimately, redefining the way consumers and cannabis brands interact.