Eden Empire (Eden Empire) LT-Debt-to-Total-Asset : 0.14 (As of Apr. 2022)

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What is Eden Empire 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. Eden Empire's long-term debt to total assests ratio for the quarter that ended in Apr. 2022 was 0.14.

Eden Empire's long-term debt to total assets ratio declined from Apr. 2021 (0.27) to Apr. 2022 (0.14). It may suggest that Eden Empire is progressively becoming less dependent on debt to grow their business.

Eden Empire LT-Debt-to-Total-Asset Historical Data

The historical data trend for Eden Empire'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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Eden Empire LT-Debt-to-Total-Asset Chart

Eden Empire Annual Data

Trend

Jul19

Jul20

Jul21

LT-Debt-to-Total-Asset

0.95

0.27

0.03

Eden Empire Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.27	0.03	0.04	0.14	0.14

Eden Empire LT-Debt-to-Total-Asset Calculation

Eden Empire's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2021 is calculated as

LT Debt to Total Assets (A: Jul. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2021 )	/	Total Assets (A: Jul. 2021 )
	=	0.12	/	3.526
	=	0.03

Eden Empire's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2022 is calculated as

LT Debt to Total Assets (Q: Apr. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2022 )	/	Total Assets (Q: Apr. 2022 )
	=	0.66	/	4.618
	=	0.14

Eden Empire (OTCPK:EDNEF) 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.

Eden Empire LT-Debt-to-Total-Asset Related Terms

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Eden Empire (Eden Empire) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Eden Empire Inc (OTCPK:EDNEF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

666 Burrard Street, 2800 Park Place, Vancouver, BC, CAN, V6C 2Z7

Website

https://www.myeden.ca

Eden Empire Inc is engaged in the business of operating and investing in the retail cannabis sector.

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