BrewBilt MFG (BrewBilt MFG) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2023)

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What is BrewBilt MFG 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. BrewBilt MFG's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.04.

BrewBilt MFG's long-term debt to total assets ratio declined from Sep. 2022 (0.07) to Sep. 2023 (0.04). It may suggest that BrewBilt MFG is progressively becoming less dependent on debt to grow their business.

BrewBilt MFG LT-Debt-to-Total-Asset Historical Data

The historical data trend for BrewBilt MFG'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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BrewBilt MFG LT-Debt-to-Total-Asset Chart

BrewBilt MFG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.70

0.81

0.13

0.05

BrewBilt MFG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.05	0.05	0.05	0.04

BrewBilt MFG LT-Debt-to-Total-Asset Calculation

BrewBilt MFG'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 )
	=	0.109	/	2.067
	=	0.05

BrewBilt MFG'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 )
	=	0.07	/	1.616
	=	0.04

BrewBilt MFG (OTCPK:BBRW) 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.

BrewBilt MFG LT-Debt-to-Total-Asset Related Terms

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BrewBilt MFG (BrewBilt MFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » BrewBilt MFG Inc (OTCPK:BBRW) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Spring Hill Road, Suite 10, Grass Valley, CA, USA, 95945

Website

https://www.brewbilt.com

BrewBilt MFG Inc is engaged in designing and manufacturing custom brewing and fermentation equipment for craft brewers dedicated to making specialty craft beer. BrewBilt brewhouses and tanks are fabricated by skilled local welders using American stainless steel. All BrewBilt products are designed and fabricated as "food grade" quality which enables the company to build vessels for food and beverage processing. BrewBilt buys materials and components mostly from suppliers which enables BrewBilt to closely monitor quality, while the company's revenues are generated from sales to customers throughout the world a great deal of specific interest in coming from Mexico, Japan, Europe, and Australia.