Spirit Blockchain Capital (XCNQ:SPIR) Debt-to-Asset : 2.67 (As of Sep. 2024)

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What is Spirit Blockchain Capital Debt-to-Asset?

Spirit Blockchain Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$1.08 Mil. Spirit Blockchain Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.62 Mil. Spirit Blockchain Capital's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was C$0.63 Mil. Spirit Blockchain Capital's debt to asset for the quarter that ended in Sep. 2024 was 2.67.

Spirit Blockchain Capital Debt-to-Asset Historical Data

The historical data trend for Spirit Blockchain Capital'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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Spirit Blockchain Capital Debt-to-Asset Chart

Spirit Blockchain Capital Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Asset

1.06

Spirit Blockchain Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial									0.20	1.06	1.34	2.13	2.67

Competitive Comparison of Spirit Blockchain Capital's Debt-to-Asset

For the Capital Markets subindustry, Spirit Blockchain Capital'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.

Spirit Blockchain Capital's Debt-to-Asset Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Spirit Blockchain Capital's Debt-to-Asset distribution charts can be found below:

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

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Spirit Blockchain Capital Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Spirit Blockchain Capital'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
	=	(0.961	+	0.25)	/	1.139
	=	1.06

Spirit Blockchain Capital'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
	=	(1.076	+	0.616)	/	0.633
	=	2.67

Spirit Blockchain Capital (XCNQ:SPIR) 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.

Spirit Blockchain Capital Debt-to-Asset Related Terms

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