ShiftCarbon (ShiftCarbon) LT-Debt-to-Total-Asset : 0.66 (As of Sep. 2022)

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What is ShiftCarbon 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. ShiftCarbon's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.66.

ShiftCarbon's long-term debt to total assets ratio increased from Sep. 2021 (0.00) to Sep. 2022 (0.66). It may suggest that ShiftCarbon is progressively becoming more dependent on debt to grow their business.

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

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

ShiftCarbon Annual Data

Trend

Dec12

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Dec15

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Dec20

Dec21

LT-Debt-to-Total-Asset

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0.63

ShiftCarbon Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.49	0.66	0.66

ShiftCarbon LT-Debt-to-Total-Asset Calculation

ShiftCarbon's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	0	/	4.295
	=	0.00

ShiftCarbon's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )	/	Total Assets (Q: Sep. 2022 )
	=	2.259	/	3.416
	=	0.66

ShiftCarbon (OTCPK:SHIFF) 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.

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

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ShiftCarbon (ShiftCarbon) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ShiftCarbon Inc (OTCPK:SHIFF) » Definitions » LT-Debt-to-Total-Asset

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Address

Craigmuir Chambers, P.O. Box 71, Tortola, Road Town, VGB

Website

https://www.shiftcarbon.io

ShiftCarbon Inc provides an innovative platform for carbon accounting, offsets, and MRV (Measurement, Reporting and Verification) automation. The company is also engaged in operating an IoT cloud platform. It also serves healthcare, hospitality, construction, events, education, and government.