CNTM (ConnectM Technology Solutions) Debt-to-Asset : 1.63 (As of Sep. 2024)

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What is ConnectM Technology Solutions Debt-to-Asset?

ConnectM Technology Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $20.67 Mil. ConnectM Technology Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1.75 Mil. ConnectM Technology Solutions's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $13.75 Mil. ConnectM Technology Solutions's debt to asset for the quarter that ended in Sep. 2024 was 1.63.

ConnectM Technology Solutions Debt-to-Asset Historical Data

The historical data trend for ConnectM Technology Solutions'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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ConnectM Technology Solutions Debt-to-Asset Chart

ConnectM Technology Solutions Annual Data

Trend

Dec21

Dec22

Debt-to-Asset

0.36

0.73

ConnectM Technology Solutions Quarterly Data
	Dec21	Sep22	Dec22	Jun23	Sep23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial			-	0.92	1.27	0.02	1.63

Competitive Comparison of ConnectM Technology Solutions's Debt-to-Asset

For the Software - Application subindustry, ConnectM Technology Solutions'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.

ConnectM Technology Solutions's Debt-to-Asset Distribution in the Software Industry

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

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

ConnectM Technology Solutions Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ConnectM Technology Solutions's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(3.176	+	4.903)	/	11.058
	=	0.73

ConnectM Technology Solutions's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(20.671	+	1.749)	/	13.747
	=	1.63

ConnectM Technology Solutions (NAS:CNTM) 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.

ConnectM Technology Solutions Debt-to-Asset Related Terms

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ConnectM Technology Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ConnectM Technology Solutions Inc (NAS:CNTM) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Mount Royal Avenue, Suite 550, Marlborough, MA, USA, 01752

Website

https://www.connectm.com

ConnectM Technology Solutions Inc is a clean energy technology and solutions provider. The company provides residential and light commercial buildings and all-electric original equipment manufacturers (OEMs) with a proprietary digital platform to accelerate the transition to solar and all-electric heating, cooling and transportation. The group makes electrification more user-friendly, affordable, precise, and socially meaningful by combining technology, data, artificial intelligence, and contemporary design. In addition to its vertically integrated service network, ConnectM offers customers a comprehensive technology stack that enables them to reduce their fossil fuel consumption, lower their energy bills, and decrease their carbon footprint.