The Planting Hope Co (TSXV:MYLK) LT-Debt-to-Total-Asset : 0.55 (As of Sep. 2023)

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What is The Planting Hope Co 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. The Planting Hope Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.55.

The Planting Hope Co's long-term debt to total assets ratio increased from Jun. 2022 (0.04) to Sep. 2023 (0.55). It may suggest that The Planting Hope Co is progressively becoming more dependent on debt to grow their business.

The Planting Hope Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Planting Hope Co'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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The Planting Hope Co LT-Debt-to-Total-Asset Chart

The Planting Hope Co Annual Data

Trend

Dec21

Dec22

LT-Debt-to-Total-Asset

0.07

0.10

The Planting Hope Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.04	0.04	0.10	-	0.55

The Planting Hope Co LT-Debt-to-Total-Asset Calculation

The Planting Hope Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	1.284	/	13.369
	=	0.10

The Planting Hope Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	5.875	/	10.641
	=	0.55

The Planting Hope Co (TSXV:MYLK) 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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The Planting Hope Co (TSXV:MYLK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Planting Hope Co Inc (TSXV:MYLK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MYLKF:USA J94:Germany

Address

725 Granville Street, Suite 400, Vancouver, BC, CAN, V7Y 1G5

Website

https://www.plantinghopecompany.com

The Planting Hope Co Inc develops, launches, and scales plant-based, nutritious, and planet-friendly food and beverage brands across the United States and Canada. The company's products fill key unmet needs in the skyrocketing plant-based food and beverage space. It focuses on nutrition, sustainability, and diversity, with an ongoing mission. Its brands include Hope and Sesame sesame milk, a sustainable dairy alternative that is nutritionally comparable to dairy milk; Mozaics real veggie chips, a popped alternative to fried potato chips featuring visible peas and beans as principal ingredients; Veggicopia single-serving plant-based dips cups and snack olives that have extended shelf-life, require no refrigeration and lowers the carbon footprint.

The Planting Hope Co (TSXV:MYLK) Headlines

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