ParcelPal Logistics (ParcelPal Logistics) Debt-to-Asset : 0.45 (As of Sep. 2023)

ParcelPal Logistics Debt-to-Asset Chart

ParcelPal Logistics Annual Data
	Trend	Sep13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Debt-to-Asset		Get a 7-Day Free Trial					0.24	0.15	1.01	0.56	0.44

ParcelPal Logistics Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial															0.37	0.47	0.44	0.45	0.45

Competitive Comparison of ParcelPal Logistics's Debt-to-Asset

For the Integrated Freight & Logistics subindustry, ParcelPal Logistics'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.

ParcelPal Logistics's Debt-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ParcelPal Logistics's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where ParcelPal Logistics's Debt-to-Asset falls into.

ParcelPal Logistics Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ParcelPal Logistics's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

ParcelPal Logistics's Debt-to-Asset for the quarter that ended in Sep. 2023 is calculated as

* 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.

ParcelPal Logistics  (OTCPK:PTNYF) 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.

ParcelPal Logistics Debt-to-Asset Related Terms

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ParcelPal Logistics (ParcelPal Logistics) Business Description