Grown Rogue International (XCNQ:GRIN) LT-Debt-to-Total-Asset : 0.13 (As of Apr. 2023)

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What is Grown Rogue 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. Grown Rogue International's long-term debt to total assests ratio for the quarter that ended in Apr. 2023 was 0.13.

Grown Rogue International's long-term debt to total assets ratio increased from Jan. 2022 (0.00) to Apr. 2023 (0.13). It may suggest that Grown Rogue International is progressively becoming more dependent on debt to grow their business.

Grown Rogue International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Grown Rogue 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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Grown Rogue International LT-Debt-to-Total-Asset Chart

Grown Rogue International Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Oct19

Oct20

Oct21

Oct22

LT-Debt-to-Total-Asset

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0.67

0.22

0.13

Grown Rogue International Quarterly Data
	May18	Aug18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Oct22	Jan23	Apr23	Oct23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.13	0.14	0.13	0.15

Grown Rogue International LT-Debt-to-Total-Asset Calculation

Grown Rogue International's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2022 is calculated as

LT Debt to Total Assets (A: Oct. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2022 )	/	Total Assets (A: Oct. 2022 )
	=	2.895	/	22.41
	=	0.13

Grown Rogue International's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2023 is calculated as

LT Debt to Total Assets (Q: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2023 )	/	Total Assets (Q: Apr. 2023 )
	=	3.456	/	25.876
	=	0.13

Grown Rogue International (XCNQ:GRIN) 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.

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Grown Rogue International (XCNQ:GRIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Grown Rogue International Inc (XCNQ:GRIN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GRUSF:USA

Address

550 Airport Road, Medford, OR, USA, 97504

Website

https://www.grownrogue.com

Grown Rogue International Inc is a vertically-integrated, multi-state Cannabis family of brands. The company with indoor and outdoor manufacturing facilities and consumer insight-based product categorization creates innovative products. The firm's product portfolio consists of Jack Herer, Rogue Og, Mothers Milk, White Cookies, and Critical Jack among others.

Executives

Jakob Iotte

Senior Officer