Kisses From Italy (Kisses From Italy) LT-Debt-to-Total-Asset : 1.06 (As of Sep. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Kisses From Italy 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. Kisses From Italy's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 1.06.

Kisses From Italy's long-term debt to total assets ratio declined from Sep. 2022 (1.24) to Sep. 2023 (1.06). It may suggest that Kisses From Italy is progressively becoming less dependent on debt to grow their business.

Kisses From Italy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kisses From Italy'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.

* Premium members only.

Kisses From Italy LT-Debt-to-Total-Asset Chart

Kisses From Italy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

2.44

0.11

0.35

0.10

0.46

Kisses From Italy 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															1.24	0.46	1.08	1.14	1.06

Kisses From Italy LT-Debt-to-Total-Asset Calculation

Kisses From Italy'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 )
	=	0.428	/	0.922
	=	0.46

Kisses From Italy'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 )
	=	0.668	/	0.63
	=	1.06

Kisses From Italy (OTCPK:KITL) 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.

Kisses From Italy LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Kisses From Italy's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Kisses From Italy (Kisses From Italy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Kisses From Italy Inc (OTCPK:KITL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 SW 8th Street, Suite 2000, Miami, FL, USA, 33130

Website

https://www.kissesfromitaly.com

Kisses From Italy Inc in Florida is engaged in developing a fast-casual food dining chain restaurant business. It offers deli paninis including fresh cheese Panini, prosciutto, salami, calicollo, bresaola, and turkey paninis. The company also offers espresso, cappuccino, and other coffee drinks, soft drinks, bottled water, and juices, as well as various flavors of granite. In addition to its company operated restaurants, it is engaged in franchising restaurant concept so that it can build market share and brand awareness.

Executives

Denis Senecal	director	866 DU RIVAGE, SAINT-ANTOINE-SUR-RICHELIEU A8 JOL 1RO
Turi Michele Di	director, officer: CO-CEO/President	3100 BOUL. DES GOUVERNEURS, LAVAL A8 H7E 5J3
Claudio Ferri	director, officer: CO-CEO/CFO	12280 53RD AVENUE, MONTREAL A8 H1E 0A5
Leonardo Fraccalvieri	director, officer: Chief Operating Officer	VIA DEPRETIS 9, SANNICANDRO DI BARI L6 70028