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SMXT (SolarMax Technology) Debt-to-Asset : 0.82 (As of Sep. 2024)


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What is SolarMax Technology Debt-to-Asset?

SolarMax Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $21.47 Mil. SolarMax Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $13.91 Mil. SolarMax Technology's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $43.05 Mil. SolarMax Technology's debt to asset for the quarter that ended in Sep. 2024 was 0.82.

SolarMax Technology Debt-to-Asset Historical Data

The historical data trend for SolarMax Technology'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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SolarMax Technology Debt-to-Asset Chart

SolarMax Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial 0.57 0.60 0.67 0.78 0.86

SolarMax Technology Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.72 0.86 0.69 0.71 0.82

Competitive Comparison of SolarMax Technology's Debt-to-Asset

For the Solar subindustry, SolarMax Technology'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.

SolarMax Technology's Debt-to-Asset Distribution in the Semiconductors Industry

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

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


SolarMax Technology Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

SolarMax Technology'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
=(23.536 + 18.348) / 48.655
=0.86

SolarMax Technology's Debt-to-Asset for the quarter that ended in Sep. 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
=(21.474 + 13.905) / 43.046
=0.82

* 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.

SolarMax Technology  (NAS:SMXT) 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.

SolarMax Technology Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of SolarMax Technology's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

SolarMax Technology Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SolarMax Technology Inc (NAS:SMXT) » Definitions » Debt-to-Asset
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Traded in Other Exchanges
6W1:Germany
Address
3080 12th Street, Riverside, CA, USA, 92507
Website
https://www.solarmaxtech.com
SolarMax Technology Inc is an integrated solar and renewable energy company. It operates in two segments namely the United States and China. The United States business includes the sale and installation of photovoltaic and battery backup systems. China operations consist of operating and maintaining solar farm projects and identifying and procuring solar farm projects for resale to third parties. Some of its products are LG Solar Panels, QCELL Solar Panels, Panasonic Solar Panels, and others. The company generates a majority of its revenue from the Solar energy systems.