Tuga Innovations (XCNQ:TUGA) Debt-to-Asset : 0.05 (As of Jan. 2024)

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What is Tuga Innovations Debt-to-Asset?

Tuga Innovations's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.03 Mil. Tuga Innovations's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Tuga Innovations's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jan. 2024 was C$0.61 Mil. Tuga Innovations's debt to asset for the quarter that ended in Jan. 2024 was 0.05.

Tuga Innovations Debt-to-Asset Historical Data

The historical data trend for Tuga Innovations'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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Tuga Innovations Debt-to-Asset Chart

Tuga Innovations Annual Data

Trend

Jul21

Jul22

Jul23

Debt-to-Asset

Tuga Innovations Quarterly Data
	Jan21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Asset	Get a 7-Day Free Trial							0.07	-	-	0.25	0.05

Competitive Comparison of Tuga Innovations's Debt-to-Asset

For the Auto Manufacturers subindustry, Tuga Innovations'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.

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

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

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

Tuga Innovations Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tuga Innovations's Debt-to-Asset for the fiscal year that ended in Jul. 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
	=	(0	+	0)	/	0.176
	=	0.00

Tuga Innovations's Debt-to-Asset for the quarter that ended in Jan. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.028	+	0)	/	0.612
	=	0.05

Tuga Innovations (XCNQ:TUGA) 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.

Tuga Innovations Debt-to-Asset Related Terms

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Tuga Innovations (XCNQ:TUGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tuga Innovations Inc (XCNQ:TUGA) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

TUGAF:USA DQ5:Germany

Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.tugainnovations.com

Tuga Innovations Inc is a development-stage electric vehicle company involved in the conception, design, and production of specialized EVs to improve the urban mobility experience. It is engaged in the reduction of urban mobility difficulties by developing a three-wheeled, fully electric fore-and-aft 2-seat vehicle.

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