1606 (CBDW) LT-Debt-to-Total-Asset : 7.19 (As of Mar. 2024)

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What is 1606 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. 1606's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 7.19.

1606's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (7.19). It may suggest that 1606 is progressively becoming more dependent on debt to grow their business.

1606 LT-Debt-to-Total-Asset Historical Data

The historical data trend for 1606'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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1606 LT-Debt-to-Total-Asset Chart

1606 Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.88

3.17

6.43

1606 Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					-	-	-	6.43	7.19

1606 LT-Debt-to-Total-Asset Calculation

1606'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 )
	=	0.951	/	0.148
	=	6.43

1606'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 )
	=	1.021	/	0.142
	=	7.19

1606 (OTCPK:CBDW) 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.

1606 LT-Debt-to-Total-Asset Related Terms

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1606 (CBDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » 1606 Corp (OTCPK:CBDW) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2425 E. Camelback Road, Suite 150, Phoenix, AZ, USA, 85016

Website

https://cbd.inc

1606 Corp offers nicotine-free and tobacco-free alternatives to traditional cigarettes and vaping products. Its products are manufactured with a blend of all-natural ingredients to provide smokers aged 21+ an alternative to traditional cigarettes that do not contain nicotine or tobacco and promote health benefits such as pain management, reduced anxiety, and enhance wakefulness. Smokable hemp is a Company Product That is an alternative for customers that currently smoke or want to quit smoking nicotine.