GURU Organic Energy (TSX:GURU) LT-Debt-to-Total-Asset : 0.02 (As of Jan. 2024)

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What is GURU Organic Energy 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. GURU Organic Energy's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.02.

GURU Organic Energy's long-term debt to total assets ratio declined from Jan. 2023 (0.03) to Jan. 2024 (0.02). It may suggest that GURU Organic Energy is progressively becoming less dependent on debt to grow their business.

GURU Organic Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for GURU Organic Energy'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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GURU Organic Energy LT-Debt-to-Total-Asset Chart

GURU Organic Energy Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

LT-Debt-to-Total-Asset

0.01

0.02

GURU Organic Energy Quarterly Data
	Sep19	Sep20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.03	0.02	0.02	0.02	0.02

GURU Organic Energy LT-Debt-to-Total-Asset Calculation

GURU Organic Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (A: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2023 )	/	Total Assets (A: Oct. 2023 )
	=	1.183	/	48.65
	=	0.02

GURU Organic Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	1.106	/	47.786
	=	0.02

GURU Organic Energy (TSX:GURU) 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.

GURU Organic Energy LT-Debt-to-Total-Asset Related Terms

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GURU Organic Energy (TSX:GURU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » GURU Organic Energy Corp (TSX:GURU) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GUROF:USA

Address

602-7236 rue Waverly, Montreal, QC, CAN, H2R 0C2

Website

https://www.guruenergy.com

GURU Organic Energy Corp is a wellness company. The company is engaged in the business of manufacturing and marketing organic energy drinks. Geographically, it derives a majority of its revenue from Canada and also has a presence in the United States. Some of its product includes GURU Organic Energy - Yerba Mate; GURU Energy Water - Grapefruit; GURU Energy Water - Pomegranate; GURU Organic Energy - Matcha and others.

Executives

Eric Yves Graveline

10% Security Holder, Director