Solar Integrated Roofing (Solar Integrated Roofing) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2022)

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What is Solar Integrated Roofing 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. Solar Integrated Roofing's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.03.

Solar Integrated Roofing's long-term debt to total assets ratio increased from May. 2010 (0.00) to Sep. 2022 (0.03). It may suggest that Solar Integrated Roofing is progressively becoming more dependent on debt to grow their business.

Solar Integrated Roofing LT-Debt-to-Total-Asset Historical Data

The historical data trend for Solar Integrated Roofing'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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Solar Integrated Roofing LT-Debt-to-Total-Asset Chart

Solar Integrated Roofing Annual Data

Trend

Feb08

Feb09

LT-Debt-to-Total-Asset

Solar Integrated Roofing Quarterly Data
	Aug07	Nov07	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Sep21	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											-	-	-	-	0.03

Solar Integrated Roofing LT-Debt-to-Total-Asset Calculation

Solar Integrated Roofing's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2009 is calculated as

LT Debt to Total Assets (A: Feb. 2009 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2009 )	/	Total Assets (A: Feb. 2009 )
	=	0	/	0.78
	=

Solar Integrated Roofing'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 )
	=	4.657	/	153.688
	=	0.03

Solar Integrated Roofing (OTCPK:SIRC) 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.

Solar Integrated Roofing LT-Debt-to-Total-Asset Related Terms

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Solar Integrated Roofing (Solar Integrated Roofing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solar Integrated Roofing Corp (OTCPK:SIRC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2831 St. Rose Pkwy, Suite 200, Henderson, NV, USA, 89052

Website

https://www.solarintegratedroofingcorp.com

Solar Integrated Roofing Corp is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on the acquisitions of like companies.

Executives

Richard G Stifel	officer: CFO/Secretary	6501 E. GREENWAY PKWY, SUITE 103-412, SCOTTSDALE AZ 85254
Timothy Barritt	director, officer: CEO/President	201 WEST LAKEWAY, SUITE 1000, GILLETTE WY 82718
Raymond Murphy	director, officer: COO/Vice President	201 WEST LAKEWAY, SUITE 1000, GILLETTE WY 82718
Richard Stockdale	director, officer: Treasurer/Vice President	201 WEST LAKEWAY, SUITE 1000, GILLETTE WY 82718