XS Financial (XCNQ:XSF) Debt-to-Asset : 0.89 (As of Dec. 2023)

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What is XS Financial Debt-to-Asset?

XS Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$100.42 Mil. XS Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. XS Financial's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$112.82 Mil. XS Financial's debt to asset for the quarter that ended in Dec. 2023 was 0.89.

XS Financial Debt-to-Asset Historical Data

The historical data trend for XS Financial'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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XS Financial Debt-to-Asset Chart

XS Financial Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.42

0.68

0.81

0.89

XS Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.81	0.84	0.86	0.89	0.89

Competitive Comparison of XS Financial's Debt-to-Asset

For the Credit Services subindustry, XS Financial'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.

XS Financial's Debt-to-Asset Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, XS Financial's Debt-to-Asset distribution charts can be found below:

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

XS Financial Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

XS Financial'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
	=	(100.423	+	0)	/	112.818
	=	0.89

XS Financial'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
	=	(100.423	+	0)	/	112.818
	=	0.89

XS Financial (XCNQ:XSF) 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.

XS Financial Debt-to-Asset Related Terms

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XS Financial (XCNQ:XSF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » XS Financial Inc (XCNQ:XSF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

XSHLF:USA

Address

1901 Avenue of the Stars, Suite 120, Los Angeles, CA, USA, 90067

Website

https://www.xsfinancial.com

XS Financial Inc specializes in providing equipment leasing solutions in the United States to owners/operators of cannabis and hemp companies, including cultivators, oil processors, manufacturers, and testing laboratories, among others. In addition, it provides a full range of consulting services including equipment selection and procurement, through its network of preferred vendor partnerships with original equipment manufacturers and equipment distributors.

Executives

Llc Bengal Impact Partners

10% Security Holder

XS Financial (XCNQ:XSF) Headlines

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