Chill Brands Group (LSE:CHLL) LT-Debt-to-Total-Asset : 0.35 (As of Sep. 2023)

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What is Chill Brands Group 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. Chill Brands Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.35.

Chill Brands Group's long-term debt to total assets ratio declined from Sep. 2022 (0.71) to Sep. 2023 (0.35). It may suggest that Chill Brands Group is progressively becoming less dependent on debt to grow their business.

Chill Brands Group LT-Debt-to-Total-Asset Historical Data

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

Chill Brands Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.04

0.08

0.68

Chill Brands Group Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.05	0.08	0.71	0.68	0.35

Chill Brands Group LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	4.184	/	6.141
	=	0.68

Chill Brands Group'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 )
	=	1.541	/	4.451
	=	0.35

Chill Brands Group (LSE:CHLL) 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.

Chill Brands Group LT-Debt-to-Total-Asset Related Terms

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Chill Brands Group (LSE:CHLL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Chill Brands Group PLC (LSE:CHLL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CHBRF:USA 7HR:Germany

Address

1601 Riverfront Drive, Suite 201, Grand Junction, CO, USA, 81501

Website

https://www.chillbrandsgroup.com

Chill Brands Group PLC is engaged in the development, production, and distribution of CBD and lifestyle products. The CBD business sells wellness products in the United States and the United Kingdom under two brands Zoetic and Chill ranges. The chill brand is a tobacco alternative selling smokables and chew pouches. It generates revenue from the sale of CBD products. Geographically, group's revenue is generated in the United States.

Chill Brands Group (LSE:CHLL) Headlines

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