Solution Financial (TSX:SFI) LT-Debt-to-Total-Asset : 0.00 (As of Jan. 2024)

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What is Solution Financial 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. Solution Financial's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.00.

Solution Financial's long-term debt to total assets ratio declined from Jan. 2023 (0.11) to Jan. 2024 (0.00). It may suggest that Solution Financial is progressively becoming less dependent on debt to grow their business.

Solution Financial LT-Debt-to-Total-Asset Historical Data

The historical data trend for Solution Financial'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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Solution Financial LT-Debt-to-Total-Asset Chart

Solution Financial Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

LT-Debt-to-Total-Asset

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0.11

0.10

Solution Financial Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.07	-	-	-

Solution Financial LT-Debt-to-Total-Asset Calculation

Solution Financial's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (A: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2023 )	/	Total Assets (A: Oct. 2023 )
	=	0	/	29.608
	=	0.00

Solution Financial's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	0.017	/	27.784
	=	0.00

Solution Financial (TSX:SFI) 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.

Solution Financial LT-Debt-to-Total-Asset Related Terms

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Solution Financial (TSX:SFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Solution Financial Inc (TSX:SFI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SLNFF:USA

Address

Unit 137 - 8680 Cambie Road, Richmond, BC, CAN, V6X 4K1

Website

https://www.solution.financial

Solution Financial Inc is engaged in retail sales, leases, and financing for high-end automotive vehicles, ultra-luxury vehicles, boats, and commercial equipment. The firm generates the majority of its revenue through the sales and leases of vehicles.

Executives

John Randall Smyth

Director

Solution Financial (TSX:SFI) Headlines

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