Embark Technology (Embark Technology) Debt-to-Asset : 0.12 (As of Mar. 2023)

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What is Embark Technology Debt-to-Asset?

Embark Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $2.98 Mil. Embark Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $15.40 Mil. Embark Technology's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2023 was $153.44 Mil. Embark Technology's debt to asset for the quarter that ended in Mar. 2023 was 0.12.

Embark Technology Debt-to-Asset Historical Data

The historical data trend for Embark Technology'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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Embark Technology Debt-to-Asset Chart

Embark Technology Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Asset

0.01

0.11

Embark Technology Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Asset	Get a 7-Day Free Trial					0.03	0.03	0.10	0.11	0.12

Competitive Comparison of Embark Technology's Debt-to-Asset

For the Software - Application subindustry, Embark Technology'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.

Embark Technology's Debt-to-Asset Distribution in the Software Industry

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

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

Embark Technology Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Embark Technology's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3.743	+	20.519)	/	214.73
	=	0.11

Embark Technology's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(2.984	+	15.402)	/	153.435
	=	0.12

Embark Technology (NAS:EMBKW) 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.

Embark Technology Debt-to-Asset Related Terms

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Embark Technology (Embark Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Embark Technology Inc (NAS:EMBKW) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

321 Alabama Street, San Francisco, CA, USA, 94110

Website

https://www.embarktrucks.com

Embark Technology Inc is engaged in providing software and associated services that power self-driving trucks. It offers operational savings and collaborates with carriers, truck manufacturers, and tier 1 suppliers. The company's products include Embark Driver, Embark Universal Interface, and Embark Guardian.