HPSIF (Hybrid Power Solutions) Debt-to-Asset : 0.36 (As of Aug. 2024)

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What is Hybrid Power Solutions Debt-to-Asset?

Hybrid Power Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was $0.62 Mil. Hybrid Power Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was $0.24 Mil. Hybrid Power Solutions's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Aug. 2024 was $2.43 Mil. Hybrid Power Solutions's debt to asset for the quarter that ended in Aug. 2024 was 0.36.

Hybrid Power Solutions Debt-to-Asset Historical Data

The historical data trend for Hybrid Power 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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Hybrid Power Solutions Debt-to-Asset Chart

Hybrid Power Solutions Annual Data

Trend

May21

May22

May23

May24

Debt-to-Asset

0.75

0.67

1.02

0.35

Hybrid Power Solutions Quarterly Data
	May21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Debt-to-Asset	Get a 7-Day Free Trial							1.18	0.56	0.29	0.35	0.36

Competitive Comparison of Hybrid Power Solutions's Debt-to-Asset

For the Electrical Equipment & Parts subindustry, Hybrid Power 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.

Hybrid Power Solutions's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hybrid Power Solutions's Debt-to-Asset distribution charts can be found below:

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

Hybrid Power Solutions Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Hybrid Power Solutions's Debt-to-Asset for the fiscal year that ended in May. 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
	=	(0.579	+	0.354)	/	2.669
	=	0.35

Hybrid Power Solutions's Debt-to-Asset for the quarter that ended in Aug. 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
	=	(0.622	+	0.244)	/	2.429
	=	0.36

Hybrid Power Solutions (OTCPK:HPSIF) 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.

Hybrid Power Solutions Debt-to-Asset Related Terms

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Hybrid Power Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hybrid Power Solutions Inc (OTCPK:HPSIF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

E092:Germany HPSS:Canada

Address

333 Terminal Avenue, Suite 208, Vancouver, BC, CAN, V6A 4C1

Website

https://www.hybridps.ca

Hybrid Power Solutions Inc is a Canadian clean energy company specializing in producing, developing, and installing direct-to-consumer clean technology products such as portable power packs and stationary energy storage. It mainly designs and manufactures patent-pending portable battery systems and customized energy solutions for a variety of industrial markets, including the mining, railway, public transit, and construction sectors. It also has a franchise network of solar power installers that operate under the Company's trademark and offer the sale and installation of the Company's products. Geographically, the company operates in Canada; Revenue is generated in three geographical markets, being Canada, United States and Netherlands.