Canlan Ice Sports (TSX:ICE) LT-Debt-to-Total-Asset : 0.37 (As of Mar. 2024)

View and export this data going back to 1990. Start your Free Trial

What is Canlan Ice Sports 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. Canlan Ice Sports's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.37.

Canlan Ice Sports's long-term debt to total assets ratio declined from Mar. 2023 (0.38) to Mar. 2024 (0.37). It may suggest that Canlan Ice Sports is progressively becoming less dependent on debt to grow their business.

Canlan Ice Sports LT-Debt-to-Total-Asset Historical Data

The historical data trend for Canlan Ice Sports'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.

* Premium members only.

Canlan Ice Sports LT-Debt-to-Total-Asset Chart

Canlan Ice Sports Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.43

0.47

0.42

0.35

0.38

Canlan Ice Sports Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.38	0.38	0.37	0.38	0.37

Canlan Ice Sports LT-Debt-to-Total-Asset Calculation

Canlan Ice Sports's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	46.283	/	121.999
	=	0.38

Canlan Ice Sports's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	45.61	/	122.204
	=	0.37

Canlan Ice Sports (TSX:ICE) 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.

Canlan Ice Sports LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Canlan Ice Sports's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Canlan Ice Sports (TSX:ICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Canlan Ice Sports Corp (TSX:ICE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

6501 Sprott Street, Burnaby, BC, CAN, V6B 3B8

Website

https://www.canlansports.com

Canlan Ice Sports Corp is focused on the development, lease, acquisition, and operation of multi-purpose recreation and entertainment facilities in North America. The company has a single operating segment which is an Ice rink and recreational facilities which derive revenue from food and beverage, sports stores, sponsorship, space rental, and others. Geographically it generates the majority of its revenue from Canada.

Executives

Joey St. Aubin

Senior Officer