ELMSQ (Electric Last Mile Solutions) Debt-to-Asset : 0.22 (As of Sep. 2021)

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What is Electric Last Mile Solutions Debt-to-Asset?

Electric Last Mile Solutions ELMSQ Debt-to-Asset is 0.22 as of Sep. 2021.

Electric Last Mile Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $54.29 Mil. Electric Last Mile Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $29.80 Mil. Electric Last Mile Solutions's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2021 was $385.98 Mil. Electric Last Mile Solutions's debt to asset for the quarter that ended in Sep. 2021 was 0.22.

Electric Last Mile Solutions  (OTCPK:ELMSQ) 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.

Electric Last Mile Solutions Debt-to-Asset Related Terms

Electric Last Mile Solutions Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Electric Last Mile 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.

Electric Last Mile Solutions Debt-to-Asset Chart

Electric Last Mile Solutions Annual Data
Trend Dec19 Dec20
Debt-to-Asset
0.00 0.00

Electric Last Mile Solutions Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Debt-to-Asset Get a 7-Day Free Trial 0.00 0.00 0.00 0.26 0.22

ELMSQ vs EVTV, AYRO, VLCN: Debt-to-Asset Comparison

For the Auto Manufacturers subindustry, Electric Last Mile 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.

Electric Last Mile Solutions Debt-to-Asset vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Electric Last Mile Solutions's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Electric Last Mile Solutions's Debt-to-Asset falls into.


Electric Last Mile Solutions Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Electric Last Mile Solutions's Debt-to-Asset for the fiscal year that ended in Dec. 2020 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 + 0) / 251.779573
=0.00

Electric Last Mile Solutions's Debt-to-Asset for the quarter that ended in Sep. 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
=(54.286 + 29.8) / 385.982
=0.22

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.22 mean?
Electric Last Mile Solutions (ELMSQ) has a Debt-to-Asset of 0.22 as of Sep. 2021. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Electric Last Mile Solutions and its competitors.
Is Electric Last Mile Solutions' Debt-to-Asset too high?
Electric Last Mile Solutions' current Debt-to-Asset is 0.22.
How does Electric Last Mile Solutions' Debt-to-Asset compare to EVTV and AYRO?
Electric Last Mile Solutions' Debt-to-Asset of 0.22 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Vehicles & Parts company?
A good Debt-to-Asset depends on the Vehicles & Parts industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Electric Last Mile Solutions and its competitors. Electric Last Mile Solutions's current Debt-to-Asset is 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electric Last Mile Solutions stock overvalued right now?
Electric Last Mile Solutions (ELMSQ) has a current Debt-to-Asset of 0.22. The current Debt-to-Asset is 0.22. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Electric Last Mile Solutions (ELMSQ), the current Debt-to-Asset is 0.22 as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Electric Last Mile Solutions Business Description

Address 1055 West Square Lake Road, Troy, MI, USA, 48098
Electric Last Mile Solutions Inc is focused on redefining the last mile with efficient, connected, and customizable solutions. Its first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market.