Tantalus Systems Holding (Tantalus Systems Holding) Debt-to-Asset : 0.40 (As of Mar. 2024)

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What is Tantalus Systems Holding Debt-to-Asset?

Tantalus Systems Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $9.52 Mil. Tantalus Systems Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4.67 Mil. Tantalus Systems Holding's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $35.51 Mil. Tantalus Systems Holding's debt to asset for the quarter that ended in Mar. 2024 was 0.40.

Tantalus Systems Holding Debt-to-Asset Historical Data

The historical data trend for Tantalus Systems Holding'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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Tantalus Systems Holding Debt-to-Asset Chart

Tantalus Systems Holding Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Asset

0.39

0.37

0.41

Tantalus Systems Holding Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial											0.35	0.34	0.37	0.41	0.40

Competitive Comparison of Tantalus Systems Holding's Debt-to-Asset

For the Electrical Equipment & Parts subindustry, Tantalus Systems Holding'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.

Tantalus Systems Holding's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tantalus Systems Holding's Debt-to-Asset distribution charts can be found below:

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

Tantalus Systems Holding Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tantalus Systems Holding'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
	=	(9.357	+	5.008)	/	34.799
	=	0.41

Tantalus Systems Holding'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
	=	(9.52	+	4.673)	/	35.512
	=	0.40

Tantalus Systems Holding (OTCPK:TNTLF) 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.

Tantalus Systems Holding Debt-to-Asset Related Terms

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Tantalus Systems Holding (Tantalus Systems Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tantalus Systems Holding Inc (OTCPK:TNTLF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

GRID:Canada

Address

3555 Gilmore Way, Suite 200, Burnaby, BC, CAN, V5G 0B3

Website

https://www.tantalus.com

Tantalus Systems Holding Inc Canada-based company engaged in developing and delivering purpose-built smart grid solutions for public power and electric cooperative utilities. Its segments include the Connected Devices and Infrastructure Segment and Utility Software Applications and Services, and the majority of the revenue comes from Utility Software Applications and Services. Geographic regions are the United States, Canada, and Others, and the majority of the revenue comes from the United States.

Tantalus Systems Holding (Tantalus Systems Holding) Headlines

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