Grey Wolf Animal Health (TSXV:WOLF) LT-Debt-to-Total-Asset : 0.22 (As of Mar. 2024)

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What is Grey Wolf Animal Health 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. Grey Wolf Animal Health's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.22.

Grey Wolf Animal Health's long-term debt to total assets ratio declined from Mar. 2023 (0.25) to Mar. 2024 (0.22). It may suggest that Grey Wolf Animal Health is progressively becoming less dependent on debt to grow their business.

Grey Wolf Animal Health LT-Debt-to-Total-Asset Historical Data

The historical data trend for Grey Wolf Animal Health'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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Grey Wolf Animal Health LT-Debt-to-Total-Asset Chart

Grey Wolf Animal Health Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.30

0.25

0.22

Grey Wolf Animal Health Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.25	0.24	0.23	0.22	0.22

Grey Wolf Animal Health LT-Debt-to-Total-Asset Calculation

Grey Wolf Animal Health'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 )
	=	8.785	/	39.632
	=	0.22

Grey Wolf Animal Health'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 )
	=	8.525	/	38.14
	=	0.22

Grey Wolf Animal Health (TSXV:WOLF) 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.

Grey Wolf Animal Health LT-Debt-to-Total-Asset Related Terms

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