VERSES AI (VERSES AI) Debt-to-Asset : 0.01 (As of Dec. 2023)

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What is VERSES AI Debt-to-Asset?

VERSES AI's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.02 Mil. VERSES AI's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.14 Mil. VERSES AI's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $11.40 Mil. VERSES AI's debt to asset for the quarter that ended in Dec. 2023 was 0.01.

VERSES AI Debt-to-Asset Historical Data

The historical data trend for VERSES AI'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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VERSES AI Debt-to-Asset Chart

VERSES AI Annual Data

Trend

Mar22

Mar23

Debt-to-Asset

0.04

0.60

VERSES AI Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial						0.04	0.60	0.51	0.01	0.01

Competitive Comparison of VERSES AI's Debt-to-Asset

For the Software - Infrastructure subindustry, VERSES AI'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.

VERSES AI's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, VERSES AI's Debt-to-Asset distribution charts can be found below:

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

VERSES AI Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

VERSES AI's Debt-to-Asset for the fiscal year that ended in Mar. 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
	=	(5.014	+	0.143)	/	8.641
	=	0.60

VERSES AI'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
	=	(0.019	+	0.142)	/	11.4
	=	0.01

VERSES AI (OTCPK:VRSSF) 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.

VERSES AI Debt-to-Asset Related Terms

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VERSES AI (VERSES AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VERSES AI Inc (OTCPK:VRSSF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

J9A:Germany VERS:Canada

Address

205 - 810 Quayside Drive, New Westminster, BC, CAN, V3M 6B9

Website

https://www.verses.ai

VERSES AI Inc is a cognitive computing company specializing in next-generation AI and developer of KOSM, the world's first network operating system for enabling distributed intelligence. KOSM generates a shared world model of contextualized data, policies, simulations, and workflows.