BEACN Wizardry & Magic (TSXV:BECN) Debt-to-Asset : 0.09 (As of Sep. 2023)

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What is BEACN Wizardry & Magic Debt-to-Asset?

BEACN Wizardry & Magic's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.01 Mil. BEACN Wizardry & Magic's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.31 Mil. BEACN Wizardry & Magic's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was C$3.38 Mil. BEACN Wizardry & Magic's debt to asset for the quarter that ended in Sep. 2023 was 0.09.

BEACN Wizardry & Magic Debt-to-Asset Historical Data

The historical data trend for BEACN Wizardry & Magic'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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BEACN Wizardry & Magic Debt-to-Asset Chart

BEACN Wizardry & Magic Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Asset

0.60

0.15

0.11

BEACN Wizardry & Magic Quarterly Data
	Nov20	Feb21	May21	Aug21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial							0.15	0.11	0.13	0.20	0.09

Competitive Comparison of BEACN Wizardry & Magic's Debt-to-Asset

For the Consumer Electronics subindustry, BEACN Wizardry & Magic'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.

BEACN Wizardry & Magic's Debt-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, BEACN Wizardry & Magic's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where BEACN Wizardry & Magic's Debt-to-Asset falls into.

BEACN Wizardry & Magic Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

BEACN Wizardry & Magic's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.268	+	0.213)	/	4.457
	=	0.11

BEACN Wizardry & Magic's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(0.006	+	0.313)	/	3.383
	=	0.09

BEACN Wizardry & Magic (TSXV:BECN) 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.

BEACN Wizardry & Magic Debt-to-Asset Related Terms

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BEACN Wizardry & Magic (TSXV:BECN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BEACN Wizardry & Magic Inc (TSXV:BECN) » Definitions » Debt-to-Asset

Traded in Other Exchanges

N/A

Address

3450 Uptown Boulevard, Suite 301, Victoria, BC, CAN, V8Z 0B9

Website

BEACN Wizardry & Magic Inc develops innovative audio equipment, peripherals, and technology for gamers, live streamers, and content creators. The group delivers premium products that produce studio-quality content. Its product portfolio consists of Beacn Mic, Beacn Mix, and?Beacn Mix Create. The group has two reportable geographic segments namely North America and Other.