Karbon-X (Karbon-X) Debt-to-Asset : 0.18 (As of Feb. 2024)

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What is Karbon-X Debt-to-Asset?

Karbon-X's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.18 Mil. Karbon-X's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.04 Mil. Karbon-X's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2024 was $1.18 Mil. Karbon-X's debt to asset for the quarter that ended in Feb. 2024 was 0.18.

Karbon-X Debt-to-Asset Historical Data

The historical data trend for Karbon-X'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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Karbon-X Debt-to-Asset Chart

Karbon-X Annual Data

Trend

May22

May23

Debt-to-Asset

0.07

Karbon-X Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Asset	Get a 7-Day Free Trial				0.05	0.07	0.02	0.05	0.18

Competitive Comparison of Karbon-X's Debt-to-Asset

For the Advertising Agencies subindustry, Karbon-X'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.

Karbon-X's Debt-to-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Karbon-X's Debt-to-Asset distribution charts can be found below:

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

Karbon-X Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Karbon-X's Debt-to-Asset for the fiscal year that ended in May. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.115	+	0.055)	/	2.515
	=	0.07

Karbon-X's Debt-to-Asset for the quarter that ended in Feb. 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
	=	(0.175	+	0.038)	/	1.177
	=	0.18

Karbon-X (OTCPK:KARX) 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.

Karbon-X Debt-to-Asset Related Terms

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Karbon-X (Karbon-X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Karbon-X Corp (OTCPK:KARX) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

910 7TH AVE SW, SUITE 1000, Calgary, AB, CAN, T2P 3N8

Website

https://www.karbon-x.com

Karbon-X Corp is a tech-based carbon marketing company specializing in selling carbon credits direct to business or through an owned APP to the everyday person while investing in projects that have the potential to generate carbon credits and supplies in an online social media community to encourage change and growth. The Company sells carbon offsets to mining, forestry, civic earthworks, transportation and oil and gas servicing companies based on their total fossil fuel consumption for individual projects.