Canlan Ice Sports (TSX:ICE) Debt-to-Asset : 0.40 (As of Dec. 2023)

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What is Canlan Ice Sports Debt-to-Asset?

Canlan Ice Sports's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$2.99 Mil. Canlan Ice Sports's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$46.28 Mil. Canlan Ice Sports's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$122.00 Mil. Canlan Ice Sports's debt to asset for the quarter that ended in Dec. 2023 was 0.40.

Canlan Ice Sports Debt-to-Asset Historical Data

The historical data trend for Canlan Ice Sports'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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Canlan Ice Sports Debt-to-Asset Chart

Canlan Ice Sports Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.47

0.52

0.47

0.41

0.40

Canlan Ice Sports 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															0.41	0.40	0.41	0.39	0.40

Competitive Comparison of Canlan Ice Sports's Debt-to-Asset

For the Leisure subindustry, Canlan Ice Sports'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.

Canlan Ice Sports's Debt-to-Asset Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Canlan Ice Sports's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Canlan Ice Sports's Debt-to-Asset falls into.

Canlan Ice Sports Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Canlan Ice Sports'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
	=	(2.992	+	46.283)	/	121.999
	=	0.40

Canlan Ice Sports'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
	=	(2.992	+	46.283)	/	121.999
	=	0.40

Canlan Ice Sports (TSX:ICE) 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.

Canlan Ice Sports Debt-to-Asset Related Terms

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Canlan Ice Sports (TSX:ICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Canlan Ice Sports Corp (TSX:ICE) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

6501 Sprott Street, Burnaby, BC, CAN, V6B 3B8

Website

https://www.canlansports.com

Canlan Ice Sports Corp is focused on the development, lease, acquisition, and operation of multi-purpose recreation and entertainment facilities in North America. The company has a single operating segment which is an Ice rink and recreational facilities which derive revenue from food and beverage, sports stores, sponsorship, space rental, and others. Geographically it generates the majority of its revenue from Canada.