Cannagistics (Cannagistics) Debt-to-Asset : 53.61 (As of Apr. 2022)

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What is Cannagistics Debt-to-Asset?

Cannagistics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2022 was $4.40 Mil. Cannagistics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2022 was $0.00 Mil. Cannagistics's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Apr. 2022 was $0.08 Mil. Cannagistics's debt to asset for the quarter that ended in Apr. 2022 was 53.61.

Cannagistics Debt-to-Asset Historical Data

The historical data trend for Cannagistics'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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Cannagistics Debt-to-Asset Chart

Cannagistics Annual Data

Trend

Jul08

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Debt-to-Asset

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1.97

0.81

3.17

44.98

63.33

Cannagistics Quarterly Data
	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22
Debt-to-Asset	Get a 7-Day Free Trial															66.89	63.33	44.79	62.57	53.61

Competitive Comparison of Cannagistics's Debt-to-Asset

For the Shell Companies subindustry, Cannagistics'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.

Cannagistics's Debt-to-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Cannagistics's Debt-to-Asset distribution charts can be found below:

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

Cannagistics Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Cannagistics's Debt-to-Asset for the fiscal year that ended in Jul. 2021 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2.85	+	0)	/	0.045
	=	63.33

Cannagistics's Debt-to-Asset for the quarter that ended in Apr. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(4.396	+	0)	/	0.082
	=	53.61

Cannagistics (OTCPK:CNGT) 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.

Cannagistics Debt-to-Asset Related Terms

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