Delta 9 Cannabis (FRA:V5D1) LT-Debt-to-Total-Asset : 0.35 (As of Mar. 2024)

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What is Delta 9 Cannabis 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. Delta 9 Cannabis's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.35.

Delta 9 Cannabis's long-term debt to total assets ratio increased from Mar. 2023 (0.33) to Mar. 2024 (0.35). It may suggest that Delta 9 Cannabis is progressively becoming more dependent on debt to grow their business.

Delta 9 Cannabis LT-Debt-to-Total-Asset Historical Data

The historical data trend for Delta 9 Cannabis'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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Delta 9 Cannabis LT-Debt-to-Total-Asset Chart

Delta 9 Cannabis Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.32

0.35

0.10

0.32

0.45

Delta 9 Cannabis 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															0.33	0.41	0.43	0.45	0.35

Delta 9 Cannabis LT-Debt-to-Total-Asset Calculation

Delta 9 Cannabis'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 )
	=	22.781	/	50.64
	=	0.45

Delta 9 Cannabis'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 )
	=	16.659	/	47.733
	=	0.35

Delta 9 Cannabis (FRA:V5D1) 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.

Delta 9 Cannabis LT-Debt-to-Total-Asset Related Terms

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Delta 9 Cannabis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Delta 9 Cannabis Inc (FRA:V5D1) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Osborne Village, P.O. Box 68096, Winnipeg, MB, CAN, R3L 2V9

Website

https://www.delta9.ca

Delta 9 Cannabis Inc is a cannabis company. It sells cannabis products through its wholesale and retail sales channels and sells its cannabis grow pods to other businesses. The company owns and operates a chain of retail stores under the Delta 9 Cannabis store brand. Its reportable segments are Wholesale Cannabis, Retail Cannabis and Merchandise and Devices, and Business Business. It generates the majority of its revenue from the Retail Cannabis and Merchandise and Devices segment.

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