Pineapple Financial (Pineapple Financial) Debt-to-Asset : 0.28 (As of Feb. 2024)

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What is Pineapple Financial Debt-to-Asset?

Pineapple Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.69 Mil. Pineapple Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.90 Mil. Pineapple Financial's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2024 was $5.57 Mil. Pineapple Financial's debt to asset for the quarter that ended in Feb. 2024 was 0.28.

Pineapple Financial Debt-to-Asset Historical Data

The historical data trend for Pineapple Financial'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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Pineapple Financial Debt-to-Asset Chart

Pineapple Financial Annual Data

Trend

Aug21

Aug22

Aug23

Debt-to-Asset

0.04

0.16

0.33

Pineapple Financial Quarterly Data
	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Asset	Get a 7-Day Free Trial					0.21	0.23	0.33	0.17	0.28

Competitive Comparison of Pineapple Financial's Debt-to-Asset

For the Mortgage Finance subindustry, Pineapple Financial'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.

Pineapple Financial's Debt-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Pineapple Financial's Debt-to-Asset distribution charts can be found below:

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

Pineapple Financial Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Pineapple Financial's Debt-to-Asset for the fiscal year that ended in Aug. 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
	=	(0.568	+	0.97)	/	4.629
	=	0.33

Pineapple Financial'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
	=	(0.688	+	0.896)	/	5.572
	=	0.28

Pineapple Financial (AMEX:PAPL) 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.

Pineapple Financial Debt-to-Asset Related Terms

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Pineapple Financial (Pineapple Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pineapple Financial Inc (AMEX:PAPL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Gordon Baker Road, Unit 200, North York, Toronto, ON, CAN, M2H 3R1

Website

https://www.gopineapple.com

Pineapple Financial Inc is a Canada-based mortgage technology and brokerage company that provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers. Through its data-driven systems together with cloud-based tools, it offers advantages in the Canadian mortgage industry relative to alternative mortgage broker arrangements and also provides back office services.