MetaWorks Platforms (XCNQ:MWRK) Debt-to-Asset : 26.47 (As of Jun. 2024)

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What is MetaWorks Platforms Debt-to-Asset?

MetaWorks Platforms's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$2.04 Mil. MetaWorks Platforms's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.00 Mil. MetaWorks Platforms's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was C$0.08 Mil. MetaWorks Platforms's debt to asset for the quarter that ended in Jun. 2024 was 26.47.

MetaWorks Platforms Debt-to-Asset Historical Data

The historical data trend for MetaWorks Platforms'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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MetaWorks Platforms Debt-to-Asset Chart

MetaWorks Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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35.28

10.29

0.13

0.68

MetaWorks Platforms Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Asset	Get a 7-Day Free Trial															0.07	0.21	0.68	0.70	26.47

Competitive Comparison of MetaWorks Platforms's Debt-to-Asset

For the Software - Application subindustry, MetaWorks Platforms'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.

MetaWorks Platforms's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, MetaWorks Platforms's Debt-to-Asset distribution charts can be found below:

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

MetaWorks Platforms Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

MetaWorks Platforms'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
	=	(1.543	+	0)	/	2.257
	=	0.68

MetaWorks Platforms's Debt-to-Asset for the quarter that ended in Jun. 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
	=	(2.038	+	0)	/	0.077
	=	26.47

MetaWorks Platforms (XCNQ:MWRK) 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.

MetaWorks Platforms Debt-to-Asset Related Terms

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MetaWorks Platforms Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MetaWorks Platforms Inc (XCNQ:MWRK) » Definitions » Debt-to-Asset

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MWRK:USA

Address

3250 Oakland Hills Court, Fairfield, CA, USA, 94534

Website

https://www.metaworksplatforms.io

MetaWorks Platforms Inc is a full-service blockchain and web development platform provider. The Company's business model is to provide a turnkey set of services to develop and integrate Web 3.0 / Metaverse technologies, NFT, blockchain, and cryptocurrency technologies. It offers a set of services for companies to develop and integrate blockchain and payment technologies into their business operations. It builds and operates FinTech Platforms-as-a-Service for digital currencies, digital securities tokens, and digital assets. The firm generates the majority of its revenue from the sale of movie rights.