Stardust Solar Energy (TSXV:SUN) Debt-to-Asset : 0.13 (As of Sep. 2024)

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What is Stardust Solar Energy Debt-to-Asset?

Stardust Solar Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.02 Mil. Stardust Solar Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.22 Mil. Stardust Solar Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was C$1.88 Mil. Stardust Solar Energy's debt to asset for the quarter that ended in Sep. 2024 was 0.13.

Stardust Solar Energy Debt-to-Asset Historical Data

The historical data trend for Stardust Solar Energy'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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Stardust Solar Energy Debt-to-Asset Chart

Stardust Solar Energy Annual Data

Trend

Debt-to-Asset

Stardust Solar Energy Quarterly Data
	Jun23	Sep23	Jun24	Sep24
Debt-to-Asset	-	-	0.06	0.13

Competitive Comparison of Stardust Solar Energy's Debt-to-Asset

For the Utilities - Renewable subindustry, Stardust Solar Energy'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.

Stardust Solar Energy's Debt-to-Asset Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Stardust Solar Energy's Debt-to-Asset distribution charts can be found below:

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

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Stardust Solar Energy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Stardust Solar Energy's Debt-to-Asset for the fiscal year that ended in . 20 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(	+	)	/
	=	N/A

Stardust Solar Energy'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
	=	(0.016	+	0.222)	/	1.883
	=	0.13

Stardust Solar Energy (TSXV:SUN) 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.

Stardust Solar Energy Debt-to-Asset Related Terms

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Stardust Solar Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Stardust Solar Energy Inc (TSXV:SUN) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

6330:Germany

Address

B101 – 9000 Bill Fox Way, Burnaby, BC, CAN, V5J 5J3

Website

https://www.stardustsolar.com

Stardust Solar Energy Inc is a franchisor of renewable energy installation services, including solar panels (PV), energy storage systems, and electric vehicle supply equipment. It lends its brand and business management services to entrepreneurs looking to enter the industry of renewable energies. Stardust franchisees install and maintain clean energy systems for residential and commercial purposes. As a franchisor, the company supplies its franchisees with the following products: solar PV equipment, energy storage equipment, and electric vehicle supply equipment. In addition, the company supports its franchisees with many services including marketing, sales, engineering, plan sets, customer service, and project management.

Executives

Mark Tadros

10% Security Holder, Director, Senior Officer