BurgerFi International (BurgerFi International) LT-Debt-to-Total-Asset : 0.24 (As of Mar. 2024)

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What is BurgerFi International 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. BurgerFi International's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.24.

BurgerFi International's long-term debt to total assets ratio declined from Mar. 2023 (0.39) to Mar. 2024 (0.24). It may suggest that BurgerFi International is progressively becoming less dependent on debt to grow their business.

BurgerFi International LT-Debt-to-Total-Asset Historical Data

The historical data trend for BurgerFi International'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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BurgerFi International LT-Debt-to-Total-Asset Chart

BurgerFi International Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.21

0.38

0.24

BurgerFi International 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															0.39	0.39	0.40	0.24	0.24

BurgerFi International LT-Debt-to-Total-Asset Calculation

BurgerFi International'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 )
	=	60.837	/	258.476
	=	0.24

BurgerFi International'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 )
	=	59.304	/	252.608
	=	0.23

BurgerFi International (NAS:BFI) 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.

BurgerFi International LT-Debt-to-Total-Asset Related Terms

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BurgerFi International (BurgerFi International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » BurgerFi International Inc (NAS:BFI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

0LS:Germany

Address

200 West Cypress Creek Road, Suite 220, Fort Lauderdale, FL, USA, 33309

Website

https://www.burgerfi.com

BurgerFi International Inc operates a fast food restaurant chain in domestic and international market. The company has approximately 114 BurgerFi restaurants. It offers a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine, and more.

Executives

John Rosatti Revocable Trust	10 percent owner	U/A DTD 08/27/2001- CUSTODY, 101 US HIGHWAY 1, NORTH PALM BEACH FL 33408
Bachmann Carl J. Iii	officer: Chief Executive Officer	200 WEST CYPRESS CREEK RD., SUITE 220, FT LAUDERDALE FL 33309
Christopher Emlyn Jones	officer: Chief Financial Officer	205 S HOOVER BLVD STE 210, #210, TAMPA FL 33609
Shehzaan Chunara	10 percent owner	2199 GLENMORE LANE, SNELLVILLE GA 30078
Cg2 Capital Llc	10 percent owner	2199 GLENMORE LANE, SNELLVILLE GA 30078
John Iannucci	officer: Chief Operating Officer	200 WEST CYPRESS CREEK RD., SUITE 220, FT LAUDERDALE FL 33309
David Heidecorn	director	599 W. PUTNAM AVENUE, GREENWICH CT 06830
Lionheart Equities, Llc	10 percent owner	C/O LIONHEART CAPITAL, LLC, 4218 NE 2ND AVENUE, MIAMI FL 33137
Cp7 Warming Bag, L.p.	10 percent owner	599 WEST PUTNAM AVENUE, GREENWICH CT 06830
Ophir Sternberg	10 percent owner	C/O OPES ACQUISITION CORP., JAVIER BARROS SIERRA 540, OF. 103, MEXICO CITY O5 01210
Stefan Kurt Schnopp	officer: See Remarks	105 U.S. HIGHWAY 1, NORTH PALM BEACH FL 33408
Michelle Zavolta	officer: Chief People Officer	105 US HIGHWAY 1, NORTH PALM BEACH FL 33408
Patrick Renna	officer: ACFP Brand - President	105 US HIGHWAY 1, NORTH PALM BEACH FL 33408
Ian Baines	director, officer: President and CEO	6820 LBJ FREEWAY, DALLAS TX 75240
Andrew Craig Taub	director	599 WEST PUTNAM AVENUE, GREENWICH CT 06830