GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nabati Foods Global Inc (XCNQ:MEAL) » Definitions » LT-Debt-to-Total-Asset

Nabati Foods Global (XCNQ:MEAL) LT-Debt-to-Total-Asset : 5.67 (As of Sep. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Nabati Foods Global 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. Nabati Foods Global's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 5.67.

Nabati Foods Global's long-term debt to total assets ratio increased from Sep. 2022 (2.44) to Sep. 2023 (5.67). It may suggest that Nabati Foods Global is progressively becoming more dependent on debt to grow their business.


Nabati Foods Global LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nabati Foods Global'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.

Nabati Foods Global LT-Debt-to-Total-Asset Chart

Nabati Foods Global Annual Data
Trend Dec20 Dec21 Dec22
LT-Debt-to-Total-Asset
1.12 1.68 6.21

Nabati Foods Global Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.44 6.21 7.63 6.63 5.67

Nabati Foods Global LT-Debt-to-Total-Asset Calculation

Nabati Foods Global'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 )
=0.813/0.131
=6.21

Nabati Foods Global'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 )
=0.544/0.096
=

* 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.


Nabati Foods Global  (XCNQ:MEAL) 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.


Nabati Foods Global LT-Debt-to-Total-Asset Related Terms

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


Nabati Foods Global (XCNQ:MEAL) Business Description

Traded in Other Exchanges
Address
1570 - 505 Burrard Street, Vancouver, BC, CAN, V7X 1M5
Nabati Foods Global Inc is an plant-based food technology company that designs, develops, produces, distributes and sells a variety of plant-based meat and other food alternatives.

Nabati Foods Global (XCNQ:MEAL) Headlines

No Headlines