Abound Energy (STU:0E9) Debt-to-Asset : 0.31 (As of Dec. 2023)

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What is Abound Energy Debt-to-Asset?

Abound Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.21 Mil. Abound Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.21 Mil. Abound Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was €1.37 Mil. Abound Energy's debt to asset for the quarter that ended in Dec. 2023 was 0.31.

Abound Energy Debt-to-Asset Historical Data

The historical data trend for Abound Energy'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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Abound Energy Debt-to-Asset Chart

Abound Energy Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.93

0.02

0.08

0.13

0.31

Abound Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.13	0.16	0.25	0.20	0.31

Competitive Comparison of Abound Energy's Debt-to-Asset

For the Electrical Equipment & Parts subindustry, Abound Energy'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.

Abound Energy's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Abound Energy's Debt-to-Asset distribution charts can be found below:

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

Abound Energy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Abound Energy's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.214	+	0.214)	/	1.366
	=	0.31

Abound Energy's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.214	+	0.214)	/	1.366
	=	0.31

Abound Energy (STU:0E9) 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.

Abound Energy Debt-to-Asset Related Terms

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Abound Energy (STU:0E9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Abound Energy Inc (STU:0E9) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ZAIRF:USA 0E90:Germany ZAIR:Canada

Address

8765 Ash Street, Unit 1, Vancouver, BC, CAN, V6P 6T3

Website

https://www.zinc8energy.com

Zinc8 Energy Solutions Inc is a development-stage company. It develops zinc-air batteries that use zinc and air as fuel. Its technology resolves the intermittent and unpredictable nature of renewable energy sources such as wind and solar.

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