Wellbeing Digital Sciences (Wellbeing Digital Sciences) LT-Debt-to-Total-Asset : 0.02 (As of Apr. 2022)

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What is Wellbeing Digital Sciences 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. Wellbeing Digital Sciences's long-term debt to total assests ratio for the quarter that ended in Apr. 2022 was 0.02.

Wellbeing Digital Sciences's long-term debt to total assets ratio increased from Apr. 2021 (0.00) to Apr. 2022 (0.02). It may suggest that Wellbeing Digital Sciences is progressively becoming more dependent on debt to grow their business.

Wellbeing Digital Sciences LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wellbeing Digital Sciences'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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Wellbeing Digital Sciences LT-Debt-to-Total-Asset Chart

Wellbeing Digital Sciences Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

LT-Debt-to-Total-Asset

Wellbeing Digital Sciences Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														-	-	-	0.09	0.02

Wellbeing Digital Sciences LT-Debt-to-Total-Asset Calculation

Wellbeing Digital Sciences'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	/	17.495
	=	0.00

Wellbeing Digital Sciences'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 )
	=	0.212	/	14.028
	=	0.02

Wellbeing Digital Sciences (OTCPK:KONEF) 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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Wellbeing Digital Sciences (Wellbeing Digital Sciences) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Wellbeing Digital Sciences Inc (OTCPK:KONEF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

275 Dundas Street, Unit A1605, London, ON, CAN, N6B 3L1

Website

https://www.wellbeingdigital.co

Wellbeing Digital Sciences Inc is a next-generation wellness company focused on ketamine-assisted therapy and psychedelic medicines. It operates healthcare clinics across North America, helping clients access plant medicines, psychedelics, and mental health care that have the potential to heal them of their physical or emotional pain.