SOLCF (SOL Global Investments) LT-Debt-to-Total-Asset : 0.35 (As of Aug. 2024)

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What is SOL Global Investments 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. SOL Global Investments's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.35.

SOL Global Investments's long-term debt to total assets ratio increased from Aug. 2023 (0.21) to Aug. 2024 (0.35). It may suggest that SOL Global Investments is progressively becoming more dependent on debt to grow their business.

SOL Global Investments LT-Debt-to-Total-Asset Historical Data

The historical data trend for SOL Global Investments'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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SOL Global Investments LT-Debt-to-Total-Asset Chart

SOL Global Investments Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Mar18

Mar19

Nov20

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

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0.18

0.11

0.16

0.30

SOL Global Investments Quarterly Data
	Sep19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.30	0.32	0.37	0.35

SOL Global Investments LT-Debt-to-Total-Asset Calculation

SOL Global Investments's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	23.47	/	77.622
	=	0.30

SOL Global Investments's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	21.262	/	60.344
	=	0.35

SOL Global Investments (OTCPK:SOLCF) 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.

SOL Global Investments LT-Debt-to-Total-Asset Related Terms

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SOL Global Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » SOL Global Investments Corp (OTCPK:SOLCF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

9SB:Germany SOL:Canada

Address

100 King Street West, Suite 5600, Toronto, ON, CAN, M5X 1C9

Website

https://www.solglobal.com

SOL Global Investments Corp is a cannabis company with a focus on legal U.S. states. Its strategic investments and partnerships across cultivation, distribution and retail complement the company's R&D program with the University of Miami. It is also involved in Retail, Agriculture, Quick Service Restaurants & Hospitality, Media Technology & Gaming, Energy and New Age Wellness.