Electrameccanica Vehicles (Electrameccanica Vehicles) Debt-to-Asset : 0.18 (As of Dec. 2023)

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What is Electrameccanica Vehicles Debt-to-Asset?

Electrameccanica Vehicles's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.03 Mil. Electrameccanica Vehicles's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $15.49 Mil. Electrameccanica Vehicles's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $94.11 Mil. Electrameccanica Vehicles's debt to asset for the quarter that ended in Dec. 2023 was 0.18.

Electrameccanica Vehicles Debt-to-Asset Historical Data

The historical data trend for Electrameccanica Vehicles'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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Electrameccanica Vehicles Debt-to-Asset Chart

Electrameccanica Vehicles Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.05

0.01

0.10

0.18

Electrameccanica Vehicles 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															0.10	0.11	0.14	0.16	0.18

Competitive Comparison of Electrameccanica Vehicles's Debt-to-Asset

For the Auto Manufacturers subindustry, Electrameccanica Vehicles'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.

Electrameccanica Vehicles's Debt-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Electrameccanica Vehicles's Debt-to-Asset distribution charts can be found below:

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

Electrameccanica Vehicles Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Electrameccanica Vehicles'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
	=	(1.029	+	15.493)	/	94.11
	=	0.18

Electrameccanica Vehicles'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
	=	(1.029	+	15.493)	/	94.11
	=	0.18

Electrameccanica Vehicles (NAS:SOLO) 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.

Electrameccanica Vehicles Debt-to-Asset Related Terms

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Electrameccanica Vehicles (Electrameccanica Vehicles) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Electrameccanica Vehicles Corp Ltd (NAS:SOLO) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8057 North Fraser Way, Burnaby, BC, CAN, V5J 5M8

Website

https://www.electrameccanica.com

Electrameccanica Vehicles Corp Ltd is a development-stage electric vehicle or EV, designer and manufacturer company. The company's product line targets urban commuters, commercial fleets/deliveries and shared mobility seeking to commute in an efficient, cost-effective and environmentally friendly manner. The company's first flagship EV is the SOLO, a single-seat vehicle, of which it has built 64 prototype vehicles in-house and 60 pre-production vehicles with its manufacturing partner, Zongshen. The company's reportable business segments include Electric Vehicles which is the development and manufacture of electric vehicles for mass markets, and Custom built vehicles which is the development and manufacture of high-end custom-built vehicles.

Executives

Jerry Kroll	director	2108-808 NELSON ST, VANCOUVER BC A1 V6Z 2H2
Stephen Eric Johnston	officer: Chief Financial Officer	4950 SUSANS WAY, BLOOMFIELD HILLS MI 48302
Luisa Ingargiola	director	4826 BLUE JAY CIRCLE, PALM HARBOR FL 34683
Steven Andrew Sanders	director	431 EAST 20TH STREET, NEW YORK NY 10010
Yan Fang Qiong Joanne	director	504 - 1355 BELLEVUE AVE, WEST VANCOUVER A1 V7T 0B4
David John Shemmans	director	NUTSHELL, FIR TREE LANE, WEST CHILTINGTON, WEST SUSSEX X0 RH20 2RA
G Michael Bridge	officer: General Counsel & Corp. Sec.	14400 N 87TH ST, SCOTTSDALE AZ 85260
Quigley William G Iii	director
Susan E Docherty	director, officer: CEO and COO	THE BRINK'S COMPANY, 1801 BAYBERRY COURT, 4TH FLOOR, RICHMOND VA 23226
Kim A. Brink	officer: Chief Revenue Officer	C/O 505 NORTH HIGHWAY 169, SUITE 1000, PLYMOUTH MN 55441
Michael Paul Richardson	director	13715 OASIS TERRACE, LAKEWOOD RANCH FL 34202
Dietmar Ostermann	director	5400 LEGACY DR, H3 3E 35, PLANO TX 75024
Mark Orsmond	officer: Chief Financial Officer	992 HAMPSHIRE RD, NORTH VANCOUVER A1 V7R1V2