CLPMF (Clip Money) Debt-to-Asset : 1.64 (As of Dec. 2024)

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What is Clip Money Debt-to-Asset?

Clip Money's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $1.56 Mil. Clip Money's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $14.12 Mil. Clip Money's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was $9.59 Mil. Clip Money's debt to asset for the quarter that ended in Dec. 2024 was 1.63.

Clip Money Debt-to-Asset Historical Data

The historical data trend for Clip Money'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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Clip Money Debt-to-Asset Chart

Clip Money Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

0.78

0.63

0.85

1.64

Clip Money Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial										0.85	1.01	1.27	1.45	1.64

Competitive Comparison of Clip Money's Debt-to-Asset

For the Software - Infrastructure subindustry, Clip Money'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.

Clip Money's Debt-to-Asset Distribution in the Software Industry

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

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

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Clip Money Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Clip Money's Debt-to-Asset for the fiscal year that ended in Dec. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.557	+	14.119)	/	9.588
	=	1.63

Clip Money's Debt-to-Asset for the quarter that ended in Dec. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.557	+	14.119)	/	9.588
	=	1.63

Clip Money (OTCPK:CLPMF) 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.

Clip Money Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Clip Money's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Clip Money Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clip Money Inc (OTCPK:CLPMF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

CLIP:Canada

Address

96 Riverdale Avenue, Ottawa, ON, CAN, K1S 1R2

Website

https://www.clipmoney.com

Clip Money Inc is a Canadian-based principally in the business of providing a proprietary deposit network to businesses and financial institutions located across North America. network of ClipDrop safes located in malls, box stores, and grocery chains, Clip improves the business deposit experience through transformational digital and mobile-enabled services. The Company has one operating segment, which is providing a proprietary deposit network to businesses located across North America. The company combines functional hardware, an intuitive mobile app, and an innovative cloud-based transaction engine that maximizes business banking transactions. Clip also facilitates mobile change orders, which are fully insured and shipped within one to two business days.