Trulieve Cannabis (XCNQ:TRUL) LT-Debt-to-Total-Asset : 0.27 (As of Mar. 2024)

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What is Trulieve Cannabis 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. Trulieve Cannabis's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.27.

Trulieve Cannabis's long-term debt to total assets ratio declined from Mar. 2023 (0.30) to Mar. 2024 (0.27). It may suggest that Trulieve Cannabis is progressively becoming less dependent on debt to grow their business.

Trulieve Cannabis LT-Debt-to-Total-Asset Historical Data

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

Trulieve Cannabis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.33

0.24

0.28

Trulieve Cannabis Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.30	0.29	0.27	0.28	0.27

Trulieve Cannabis LT-Debt-to-Total-Asset Calculation

Trulieve Cannabis'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 )
	=	1032.549	/	3661.3
	=	0.28

Trulieve Cannabis'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 )
	=	1042.61	/	3816.183
	=	0.27

Trulieve Cannabis (XCNQ:TRUL) 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.

Trulieve Cannabis LT-Debt-to-Total-Asset Related Terms

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Trulieve Cannabis (XCNQ:TRUL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Trulieve Cannabis Corp (XCNQ:TRUL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TCNNF:USA T0A:Germany

Address

6749 Ben Bostic Road, Quincy, FL, USA, 32351

Website

https://www.trulieve.com

Trulieve Cannabis Corp is a vertically integrated seed to sale and fully licensed medical marijuana company. It is mainly engaged in the cultivation, possession, use, sale, and distribution of medical cannabis.

Trulieve Cannabis (XCNQ:TRUL) Headlines

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