Eco Innovation Group (Eco Innovation Group) Debt-to-Asset : 1.29 (As of Sep. 2022)

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What is Eco Innovation Group Debt-to-Asset?

Eco Innovation Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.59 Mil. Eco Innovation Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil. Eco Innovation Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2022 was $0.45 Mil. Eco Innovation Group's debt to asset for the quarter that ended in Sep. 2022 was 1.29.

Eco Innovation Group Debt-to-Asset Historical Data

The historical data trend for Eco Innovation Group's Debt-to-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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Eco Innovation Group Debt-to-Asset Chart

Eco Innovation Group Annual Data

Trend

Dec20

Dec21

Debt-to-Asset

0.07

1.06

Eco Innovation Group Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Asset	Get a 7-Day Free Trial					0.07	1.06	1.10	0.94	1.29

Competitive Comparison of Eco Innovation Group's Debt-to-Asset

For the Specialty Business Services subindustry, Eco Innovation Group's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Eco Innovation Group's Debt-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Eco Innovation Group's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Eco Innovation Group's Debt-to-Asset falls into.

Eco Innovation Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Eco Innovation Group's Debt-to-Asset for the fiscal year that ended in Dec. 2021 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.395	+	0)	/	0.373
	=	1.06

Eco Innovation Group's Debt-to-Asset for the quarter that ended in Sep. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.585	+	0)	/	0.454
	=	1.29

Eco Innovation Group (OTCPK:ECOX) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Eco Innovation Group Debt-to-Asset Related Terms

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Eco Innovation Group (Eco Innovation Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Eco Innovation Group Inc (OTCPK:ECOX) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

16525 Sherman Way, Suite C-1, Van Nuys, CA, USA, 91406

Website

https://www.ecoig.com

Eco Innovation Group Inc is a socially responsible and sustainability-focused technology incubator devoted to the commercialization of select intellectual property that has the potential to achieve commercial success.