American Aires (XCNQ:WIFI) Debt-to-Asset : 0.07 (As of Sep. 2024)

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What is American Aires Debt-to-Asset?

American Aires's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.51 Mil. American Aires's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.06 Mil. American Aires's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was C$8.67 Mil. American Aires's debt to asset for the quarter that ended in Sep. 2024 was 0.07.

American Aires Debt-to-Asset Historical Data

The historical data trend for American Aires'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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American Aires Debt-to-Asset Chart

American Aires Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.01

0.02

0.34

1.17

0.99

American Aires Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															1.06	0.99	0.15	0.14	0.07

Competitive Comparison of American Aires's Debt-to-Asset

For the Electronic Components subindustry, American Aires'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.

American Aires's Debt-to-Asset Distribution in the Hardware Industry

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

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

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American Aires Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

American Aires'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
	=	(0.287	+	0.06)	/	0.349
	=	0.99

American Aires'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
	=	(0.513	+	0.06)	/	8.667
	=	0.07

American Aires (XCNQ:WIFI) 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.

American Aires Debt-to-Asset Related Terms

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American Aires Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » American Aires Inc (XCNQ:WIFI) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

AAIRF:USA A5A0:Germany

Address

400 Applewood Crescent, Suite 100, Vaughan, ON, CAN, L4K 0C3

Website

https://www.airestech.com

American Aires Inc is engaged in the production, distribution, and sales of electromagnetic protection devices. The company has three products: Air Shield Pro, Aires Defender Pro, Aires Guardian, and other products in the development phase.

Executives