AmmPower (XCNQ:AMMP) Debt-to-Asset : 0.76 (As of Feb. 2024)

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What is AmmPower Debt-to-Asset?

AmmPower's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.73 Mil. AmmPower's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$1.19 Mil. AmmPower's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2024 was C$2.52 Mil. AmmPower's debt to asset for the quarter that ended in Feb. 2024 was 0.76.

AmmPower Debt-to-Asset Historical Data

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

AmmPower Annual Data

Trend

May20

May21

May22

May23

Debt-to-Asset

0.42

0.69

AmmPower Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Asset	Get a 7-Day Free Trial											0.56	0.69	0.74	0.77	0.76

Competitive Comparison of AmmPower's Debt-to-Asset

For the Gold subindustry, AmmPower'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.

AmmPower's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, AmmPower's Debt-to-Asset distribution charts can be found below:

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

AmmPower Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

AmmPower's Debt-to-Asset for the fiscal year that ended in May. 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
	=	(0.765	+	1.197)	/	2.831
	=	0.69

AmmPower's Debt-to-Asset for the quarter that ended in Feb. 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
	=	(0.727	+	1.194)	/	2.515
	=	0.76

AmmPower (XCNQ:AMMP) 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.

AmmPower Debt-to-Asset Related Terms

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AmmPower (XCNQ:AMMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AmmPower Corp (XCNQ:AMMP) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

AMMPF:USA 601A:Germany

Address

5 Hazelton Avenue, Toronto, ON, CAN, M5R 2E1

Website

https://www.ammpower.com

AmmPower Corp is a clean energy company focused on the production of green ammonia. It is active in all facets of green ammonia technology, including the production of green fertilizers, carbon-free shipping fuel, and the 'cracking', or moving of green hydrogen as ammonia. The Company operates in one business segment: which is the development of a proprietary technology to produce green ammonia, a carbon-free fertilizer and energy carrier. The company operates in Australia, which gives majority of the revenue and Canada.

Executives

Aberdeen International Inc.

10% Security Holder

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