Three Sixty Solar (NEOE:VSOL) Debt-to-Asset : 0.84 (As of Mar. 2024)

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What is Three Sixty Solar Debt-to-Asset?

Three Sixty Solar's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.20 Mil. Three Sixty Solar's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.21 Mil. Three Sixty Solar's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$0.48 Mil. Three Sixty Solar's debt to asset for the quarter that ended in Mar. 2024 was 0.84.

Three Sixty Solar Debt-to-Asset Historical Data

The historical data trend for Three Sixty Solar'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.

* Premium members only.

Three Sixty Solar Debt-to-Asset Chart

Three Sixty Solar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Sep22

Sep23

Debt-to-Asset

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0.03

0.02

0.04

0.48

Three Sixty Solar Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.21	0.17	0.48	0.59	0.84

Competitive Comparison of Three Sixty Solar's Debt-to-Asset

For the Solar subindustry, Three Sixty Solar'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.

Three Sixty Solar's Debt-to-Asset Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Three Sixty Solar's Debt-to-Asset distribution charts can be found below:

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

Three Sixty Solar Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Three Sixty Solar's Debt-to-Asset for the fiscal year that ended in Sep. 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
	=	(0.12	+	0.269)	/	0.818
	=	0.48

Three Sixty Solar's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(0.198	+	0.206)	/	0.483
	=	0.84

Three Sixty Solar (NEOE:VSOL) 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.

Three Sixty Solar Debt-to-Asset Related Terms

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Three Sixty Solar (NEOE:VSOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Three Sixty Solar Ltd (NEOE:VSOL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

VSOLF:USA AJ6:Germany

Address

408 - 55 Water Street, Office 8312, Vancouver, BC, CAN, V6B 1A1

Website

https://www.threesixtysolar.com

Three Sixty Solar Ltd is engaged in designing and developing vertical solar towers to provide a range of energy solutions for small commercial projects up to large utility-scale solar farms.

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