Organto Foods (TSXV:OGO) Debt-to-Asset : 3.44 (As of Jun. 2024)

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What is Organto Foods Debt-to-Asset?

Organto Foods's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$11.93 Mil. Organto Foods's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.16 Mil. Organto Foods's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was C$3.52 Mil. Organto Foods's debt to asset for the quarter that ended in Jun. 2024 was 3.44.

Organto Foods Debt-to-Asset Historical Data

The historical data trend for Organto Foods's Debt-to-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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Organto Foods Debt-to-Asset Chart

Organto Foods Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.65

0.52

0.40

0.79

1.77

Organto Foods Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Asset	Get a 7-Day Free Trial															0.88	1.15	1.77	2.01	3.44

Competitive Comparison of Organto Foods's Debt-to-Asset

For the Food Distribution subindustry, Organto Foods's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Organto Foods's Debt-to-Asset Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Organto Foods's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Organto Foods's Debt-to-Asset falls into.

Organto Foods Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Organto Foods's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(10.943	+	1.262)	/	6.916
	=	1.76

Organto Foods's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(11.929	+	0.16)	/	3.516
	=	3.44

Organto Foods (TSXV:OGO) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Organto Foods Debt-to-Asset Related Terms

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Organto Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Organto Foods Inc (TSXV:OGO) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

OGOFF:USA

Address

1111 Melville Street, Suite 410, Vancouver, BC, CAN, V6E 3V6

Website

https://www.organto.com

Organto Foods Inc is an integrated provider of branded, private label and bulk distributed organic and non-GMO fruit and vegetable products using a strategic asset-light business model to serve a growing socially responsible and health-conscious consumer around the globe. The company provides various products including avocados, bananas, blueberries, mango, asparagus, ginger and fresh cut herbs amongst others, marketed in bulk and private label formats. It has one reportable business segment, being the sourcing, processing, packaging, distribution and marketing of organic and specialty food products in Europe.

Executives

Steven Robert Bromley	Director
Peter Lawrence Gianulis	Director or Senior Officer of 10% Security Holder
Jeremy Kendall	Director
Ralf Langner	Senior Officer

Organto Foods Headlines

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