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XTI Aerospace (XTI Aerospace) Debt-to-Asset : 0.38 (As of Dec. 2023)


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What is XTI Aerospace Debt-to-Asset?

XTI Aerospace's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8.94 Mil. XTI Aerospace's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.14 Mil. XTI Aerospace's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $23.77 Mil. XTI Aerospace's debt to asset for the quarter that ended in Dec. 2023 was 0.38.

XTI Aerospace Debt-to-Asset Historical Data

The historical data trend for XTI Aerospace'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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XTI Aerospace Debt-to-Asset Chart

XTI Aerospace Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Asset
0.91 0.23 0.38

XTI Aerospace Semi-Annual Data
Dec21 Dec22 Dec23
Debt-to-Asset 0.91 0.23 0.38

Competitive Comparison of XTI Aerospace's Debt-to-Asset

For the Aerospace & Defense subindustry, XTI Aerospace'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.

XTI Aerospace's Debt-to-Asset Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, XTI Aerospace's Debt-to-Asset distribution charts can be found below:

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


XTI Aerospace Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

XTI Aerospace'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
=(8.939 + 0.141) / 23.769
=0.38

XTI Aerospace'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
=(8.939 + 0.141) / 23.769
=0.38

* 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.

XTI Aerospace  (NAS:XTIA) 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.

XTI Aerospace Debt-to-Asset Related Terms

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XTI Aerospace (XTI Aerospace) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » XTI Aerospace Inc (NAS:XTIA) » Definitions » Debt-to-Asset
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Traded in Other Exchanges
N/A
Address
7625 South Peoria Street, Suite D11, Englewood, CO, USA, 80112
Website
https://www.xtiaircraft.com
XTI Aerospace Inc is a development-stage aircraft manufacturer. XTI is developing a vertical takeoff and landing (VTOL) aircraft, the TriFan 600, which is a design-stage six-passenger aircraft that it anticipates will provide point-to-point air travel over distances of up to 700 miles while significantly reducing carbon emissions per mile compared to today's gasoline-powered jet aircraft and helicopters. The TriFan 600 is expected to have a wide usage ranging from private and commercial aviation services for businesses and high-net-worth individuals to emergency medical services (EMS).

XTI Aerospace (XTI Aerospace) Headlines

From GuruFocus

XTI Aerospace to Host Business Update Presentation on March 25, 2024 to Outline the Company's Corporate Strategy

By PRNewswire • 03-20-2024