Avant Brands (Avant Brands) LT-Debt-to-Total-Asset : 0.15 (As of Feb. 2024)

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What is Avant Brands 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. Avant Brands's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.15.

Avant Brands's long-term debt to total assets ratio increased from Feb. 2023 (0.11) to Feb. 2024 (0.15). It may suggest that Avant Brands is progressively becoming more dependent on debt to grow their business.

Avant Brands LT-Debt-to-Total-Asset Historical Data

The historical data trend for Avant Brands'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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Avant Brands LT-Debt-to-Total-Asset Chart

Avant Brands Annual Data

Trend

Dec14

Dec15

Dec16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

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0.13

0.01

0.04

0.11

Avant Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.10	0.12	0.11	0.15

Avant Brands LT-Debt-to-Total-Asset Calculation

Avant Brands's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	6.396	/	60.226
	=	0.11

Avant Brands's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	8.863	/	59.68
	=	0.15

Avant Brands (OTCPK:AVTBF) 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.

Avant Brands LT-Debt-to-Total-Asset Related Terms

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Avant Brands (Avant Brands) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Avant Brands Inc (OTCPK:AVTBF) » Definitions » LT-Debt-to-Total-Asset

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1BU0:Germany AVNT:Canada

Address

1632 Dickson Avenue, Suite 335, Kelowna, BC, CAN, V1Y 7T2

Website

https://www.avantbrands.ca

Avant Brands Inc is an innovative premium cannabis company. It has multiple licensed and operational production facilities across Canada, which produce high-quality, handcrafted cannabis products for highly desired, and award-winning consumer brands, sold across both recreational and medical channels.