ELMSQ (Electric Last Mile Solutions) LT-Debt-to-Total-Asset: 0.08 (As of Sep. 2021)


What is Electric Last Mile Solutions LT-Debt-to-Total-Asset?

Electric Last Mile Solutions ELMSQ +18.18% LT-Debt-to-Total-Asset is 0.08 as of Sep. 2021.

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Electric Last Mile Solutions's long-term debt to total assests ratio for the quarter that ended in Sep. 2021 was 0.08.

Electric Last Mile Solutions's long-term debt to total assets ratio increased from . 20 (0.00) to Sep. 2021 (0.08). It may suggest that Electric Last Mile Solutions is progressively becoming more dependent on debt to grow their business.

Electric Last Mile Solutions  (OTCPK:ELMSQ) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Electric Last Mile Solutions LT-Debt-to-Total-Asset Related Terms

Electric Last Mile Solutions LT-Debt-to-Total-Asset Historical Data

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The historical data trend for Electric Last Mile Solutions's LT-Debt-to-Total-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.

Electric Last Mile Solutions LT-Debt-to-Total-Asset Chart

Electric Last Mile Solutions Annual Data
Trend
LT-Debt-to-Total-Asset

Electric Last Mile Solutions Quarterly Data
Jun21 Sep21
LT-Debt-to-Total-Asset 0.10 0.08

Electric Last Mile Solutions LT-Debt-to-Total-Asset Calculation

Electric Last Mile Solutions's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )=Long-Term Debt & Capital Lease Obligation (A: . 20 )/Total Assets (A: . 20 )
=/
=

Electric Last Mile Solutions's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2021 is calculated as

LT Debt to Total Assets (Q: Sep. 2021 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2021 )/Total Assets (Q: Sep. 2021 )
=29.8/385.982
=0.08

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.08 mean?
Electric Last Mile Solutions (ELMSQ) has a LT-Debt-to-Total-Asset of 0.08 as of Sep. 2021. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Electric Last Mile Solutions and its competitors.
Is Electric Last Mile Solutions' LT-Debt-to-Total-Asset too high?
Electric Last Mile Solutions' current LT-Debt-to-Total-Asset is 0.08.
How does Electric Last Mile Solutions' LT-Debt-to-Total-Asset compare to EVTV and AYRO?
Electric Last Mile Solutions' LT-Debt-to-Total-Asset of 0.08 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Vehicles & Parts company?
A good LT-Debt-to-Total-Asset depends on the Vehicles & Parts industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Electric Last Mile Solutions and its competitors. Electric Last Mile Solutions's current LT-Debt-to-Total-Asset is 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electric Last Mile Solutions stock overvalued right now?
Electric Last Mile Solutions (ELMSQ) has a current LT-Debt-to-Total-Asset of 0.08. The current LT-Debt-to-Total-Asset is 0.08. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Electric Last Mile Solutions (ELMSQ), the current LT-Debt-to-Total-Asset is 0.08 as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Electric Last Mile Solutions Business Description

Address 1055 West Square Lake Road, Troy, MI, USA, 48098
Electric Last Mile Solutions Inc is focused on redefining the last mile with efficient, connected, and customizable solutions. Its first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market.