Parkit Enterprise (Parkit Enterprise) Debt-to-Asset : 0.52 (As of Mar. 2024)

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What is Parkit Enterprise Debt-to-Asset?

Parkit Enterprise's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Parkit Enterprise's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $124.66 Mil. Parkit Enterprise's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $239.38 Mil. Parkit Enterprise's debt to asset for the quarter that ended in Mar. 2024 was 0.52.

Parkit Enterprise Debt-to-Asset Historical Data

The historical data trend for Parkit Enterprise'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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Parkit Enterprise Debt-to-Asset Chart

Parkit Enterprise Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.10

0.32

0.52

Parkit Enterprise Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.49	0.50	0.51	0.52	0.52

Competitive Comparison of Parkit Enterprise's Debt-to-Asset

For the Real Estate Services subindustry, Parkit Enterprise'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.

Parkit Enterprise's Debt-to-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Parkit Enterprise's Debt-to-Asset distribution charts can be found below:

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

Parkit Enterprise Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Parkit Enterprise's Debt-to-Asset for the fiscal year that ended in Dec. 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	+	125.549)	/	241.9
	=	0.52

Parkit Enterprise'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	+	124.659)	/	239.376
	=	0.52

Parkit Enterprise (OTCPK:PKTEF) 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.

Parkit Enterprise Debt-to-Asset Related Terms

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Parkit Enterprise (Parkit Enterprise) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Parkit Enterprise Inc (OTCPK:PKTEF) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

PKT:Canada

Address

100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5

Website

https://www.parkitenterprise.com

Parkit Enterprise Inc is an industrial real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States.