Sensible Meats (NEOE:HOTD) Debt-to-Asset : 0.01 (As of Feb. 2024)

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What is Sensible Meats Debt-to-Asset?

Sensible Meats's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.10 Mil. Sensible Meats's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Sensible Meats's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2024 was C$6.72 Mil. Sensible Meats's debt to asset for the quarter that ended in Feb. 2024 was 0.01.

Sensible Meats Debt-to-Asset Historical Data

The historical data trend for Sensible Meats's Debt-to-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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Sensible Meats Debt-to-Asset Chart

Sensible Meats Annual Data

Trend

Nov21

Nov22

Nov23

Debt-to-Asset

0.02

0.01

Sensible Meats Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Asset	Get a 7-Day Free Trial				0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Sensible Meats's Debt-to-Asset

For the Packaged Foods subindustry, Sensible Meats's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sensible Meats's Debt-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sensible Meats's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Sensible Meats's Debt-to-Asset falls into.

Sensible Meats Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Sensible Meats's Debt-to-Asset for the fiscal year that ended in Nov. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.097	+	0)	/	6.841
	=	0.01

Sensible Meats's Debt-to-Asset for the quarter that ended in Feb. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.097	+	0)	/	6.715
	=	0.01

Sensible Meats (NEOE:HOTD) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Sensible Meats Debt-to-Asset Related Terms

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Sensible Meats (NEOE:HOTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sensible Meats Inc (NEOE:HOTD) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4723 - 1st Street SW, Suite 300,, Calgary, AB, CAN, T2G 4Y8

Website

https://www.sensiblemeats.com

Sensible Meats Inc is a plant-based food company that has designed and developed plant-based meat food alternatives and intends to distribute and sell its line of plant-based hot dogs. The company's first and primary product is a line of plant-based hotdogs.

Sensible Meats (NEOE:HOTD) Headlines

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