Pineapple Financial (Pineapple Financial) LT-Debt-to-Total-Asset : 0.16 (As of Feb. 2024)

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What is Pineapple Financial 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. Pineapple Financial's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.16.

Pineapple Financial's long-term debt to total assets ratio declined from Feb. 2023 (0.19) to Feb. 2024 (0.16). It may suggest that Pineapple Financial is progressively becoming less dependent on debt to grow their business.

Pineapple Financial LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pineapple Financial'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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Pineapple Financial LT-Debt-to-Total-Asset Chart

Pineapple Financial Annual Data

Trend

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

0.03

0.16

0.21

Pineapple Financial Quarterly Data
	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.19	0.21	0.21	0.14	0.16

Pineapple Financial LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	0.97	/	4.629
	=	0.21

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

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	0.896	/	5.572
	=	0.16

Pineapple Financial (AMEX:PAPL) 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.

Pineapple Financial LT-Debt-to-Total-Asset Related Terms

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Pineapple Financial (Pineapple Financial) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Gordon Baker Road, Unit 200, North York, Toronto, ON, CAN, M2H 3R1

Website

https://www.gopineapple.com

Pineapple Financial Inc is a Canada-based mortgage technology and brokerage company that provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers. Through its data-driven systems together with cloud-based tools, it offers advantages in the Canadian mortgage industry relative to alternative mortgage broker arrangements and also provides back office services.