SolarBank (NEOE:SUNN) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is SolarBank LT-Debt-to-Total-Asset?

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. SolarBank's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

SolarBank's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.09). It may suggest that SolarBank is progressively becoming more dependent on debt to grow their business.

SolarBank LT-Debt-to-Total-Asset Historical Data

The historical data trend for SolarBank'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.

* Premium members only.

SolarBank LT-Debt-to-Total-Asset Chart

SolarBank Annual Data

Trend

Jun22

Jun23

LT-Debt-to-Total-Asset

0.15

0.04

SolarBank Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.04	0.04	0.03	0.07	0.09

SolarBank LT-Debt-to-Total-Asset Calculation

SolarBank's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.888	/	24.97
	=	0.04

SolarBank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	3.613	/	39.457
	=	0.09

SolarBank (NEOE:SUNN) 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.

SolarBank LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of SolarBank's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

SolarBank (NEOE:SUNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SolarBank Corp (NEOE:SUNN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SUUNF:USA GY2:Germany

Address

505 Consumers Road, Suite 803, Toronto, ON, CAN, M2J 4Z2

Website

https://www.solarbankcorp.com

SolarBank Corp is an independent renewable and clean energy project developer and asset operator based in Canada and the United States. It is engaged in the development and operation of solar photovoltaic power generation projects in the province of Ontario and the state of New York. The company operates in two principal geographical areas - Canada and United States with a substantial portion of its overall revenue being generated from United States.

Executives

Xiaohong Zheng

Senior Officer

SolarBank (NEOE:SUNN) Headlines

No Headlines