ShiftPixy (STU:19U0) Debt-to-Asset : 1.75 (As of May. 2024)

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What is ShiftPixy Debt-to-Asset?

ShiftPixy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2024 was €6.37 Mil. ShiftPixy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2024 was €0.23 Mil. ShiftPixy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in May. 2024 was €3.78 Mil. ShiftPixy's debt to asset for the quarter that ended in May. 2024 was 1.75.

ShiftPixy Debt-to-Asset Historical Data

The historical data trend for ShiftPixy'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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ShiftPixy Debt-to-Asset Chart

ShiftPixy Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Asset

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0.14

0.03

0.43

ShiftPixy Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Debt-to-Asset	Get a 7-Day Free Trial															0.29	0.43	1.01	1.56	1.75

Competitive Comparison of ShiftPixy's Debt-to-Asset

For the Staffing & Employment Services subindustry, ShiftPixy'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.

ShiftPixy's Debt-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ShiftPixy's Debt-to-Asset distribution charts can be found below:

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

ShiftPixy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ShiftPixy'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	+	2.558)	/	5.96
	=	0.43

ShiftPixy's Debt-to-Asset for the quarter that ended in May. 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
	=	(6.374	+	0.233)	/	3.783
	=	1.75

ShiftPixy (STU:19U0) 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.

ShiftPixy Debt-to-Asset Related Terms

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ShiftPixy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ShiftPixy Inc (STU:19U0) » Definitions » Debt-to-Asset

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PIXY:USA

Address

4101 NW 25th Street, Miami, FL, USA, 33131

Website

https://www.shiftpixy.com

ShiftPixy Inc provides a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and connect with a ready-for-hire workforce. ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing economy. Geographically it operates in California and Washington and drives key revenue from Californian religion. Its primary operating business metric is gross billings, consisting of the clients' fully burdened payroll costs.

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