Three Sixty Solar (NEOE:VSOL) LT-Debt-to-Total-Asset : 0.47 (As of Jun. 2024)

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What is Three Sixty Solar 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. Three Sixty Solar's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.47.

Three Sixty Solar's long-term debt to total assets ratio increased from Jun. 2023 (0.13) to Jun. 2024 (0.47). It may suggest that Three Sixty Solar is progressively becoming more dependent on debt to grow their business.

Three Sixty Solar LT-Debt-to-Total-Asset Historical Data

The historical data trend for Three Sixty Solar'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.

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Three Sixty Solar LT-Debt-to-Total-Asset Chart

Three Sixty Solar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.02

0.01

0.33

Three Sixty Solar Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.33	0.34	0.43	0.47

Three Sixty Solar LT-Debt-to-Total-Asset Calculation

Three Sixty Solar's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	0.269	/	0.818
	=

Three Sixty Solar's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0.172	/	0.369
	=

Three Sixty Solar (NEOE:VSOL) 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.

Three Sixty Solar LT-Debt-to-Total-Asset Related Terms

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Three Sixty Solar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Three Sixty Solar Ltd (NEOE:VSOL) » Definitions » LT-Debt-to-Total-Asset

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VSOLF:USA

Address

408 - 55 Water Street, Office 8312, Vancouver, BC, CAN, V6B 1A1

Website

https://www.threesixtysolar.com

Three Sixty Solar Ltd is engaged in designing and developing vertical solar towers to provide a range of energy solutions for small commercial projects up to large utility-scale solar farms.

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