Nuran Wireless (XCNQ:NUR) Debt-to-Asset : 0.70 (As of Dec. 2023)

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What is Nuran Wireless Debt-to-Asset?

Nuran Wireless's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$13.77 Mil. Nuran Wireless's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.29 Mil. Nuran Wireless's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$20.21 Mil. Nuran Wireless's debt to asset for the quarter that ended in Dec. 2023 was 0.70.

Nuran Wireless Debt-to-Asset Historical Data

The historical data trend for Nuran Wireless'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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Nuran Wireless Debt-to-Asset Chart

Nuran Wireless Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec22

Dec23

Debt-to-Asset

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0.63

0.49

0.54

0.35

0.70

Nuran Wireless Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.29	0.35	0.43	0.65	0.70

Competitive Comparison of Nuran Wireless's Debt-to-Asset

For the Communication Equipment subindustry, Nuran Wireless'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.

Nuran Wireless's Debt-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nuran Wireless's Debt-to-Asset distribution charts can be found below:

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

Nuran Wireless Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nuran Wireless'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
	=	(13.773	+	0.294)	/	20.211
	=	0.70

Nuran Wireless's Debt-to-Asset for the quarter 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
	=	(13.773	+	0.294)	/	20.211
	=	0.70

Nuran Wireless (XCNQ:NUR) 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.

Nuran Wireless Debt-to-Asset Related Terms

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Nuran Wireless (XCNQ:NUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nuran Wireless Inc (XCNQ:NUR) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

NRRWF:USA 1RNA:Germany

Address

2150 Cyrille-Duquet Street, Suite 100, Quebec, QC, CAN, G1N 2G3

Website

https://www.nuranwireless.com

Nuran Wireless Inc is engaged in the Network as a Service (NAAS) business. The group operates in the research, development, manufacturing, marketing and operation of digital electronic circuits and wireless telecommunication products and offers services in the mobile telephony industry. It also provides products and services that help mobile network operators profitably serve off-grid markets that are currently not served. It has two reportable segments NaaS and Direct sales. The majority of the revenue is derived from Africa followed by Canada and so on.

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