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SPEV (Shorepower Technologies) LT-Debt-to-Total-Asset : 12.60 (As of Sep. 2024)


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What is Shorepower Technologies 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. Shorepower Technologies's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 12.60.

Shorepower Technologies's long-term debt to total assets ratio increased from Aug. 2023 (2.56) to Sep. 2024 (12.60). It may suggest that Shorepower Technologies is progressively becoming more dependent on debt to grow their business.

Shorepower Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shorepower Technologies'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.

* Premium members only.

Shorepower Technologies LT-Debt-to-Total-Asset Chart

Shorepower Technologies Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 1.72

Shorepower Technologies Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 Jun24 Sep24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.56 3.21 4.76 10.37 12.60

Shorepower Technologies LT-Debt-to-Total-Asset Calculation

Shorepower Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2023 is calculated as

LT Debt to Total Assets (A: Feb. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Feb. 2023 )/Total Assets (A: Feb. 2023 )
=1.164/0.676
=

Shorepower Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )/Total Assets (Q: Sep. 2024 )
=0.92/0.073
=12.60

* 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.

Shorepower Technologies  (OTCPK:SPEV) 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.

Shorepower Technologies LT-Debt-to-Total-Asset Related Terms

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Shorepower Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shorepower Technologies Inc (OTCPK:SPEV) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
5291 North East Elam Young Parkway, Suite 160, Hillsboro, OR, USA, 97124
Website
https://www.shorepower.com
Shorepower Technologies Inc is a transportation electrification company that builds, deploys, and operates plug-in stations that allow electric vehicles, trucks, and refrigerated trailers to conveniently access electric power while parked or staged.
Executives
Erop Capital Llc 10 percent owner 912 HOLCOMB BRIDGE ROAD, STE 101, ROSWELL GA 30076
Jeffrey Kim director, 10 percent owner, officer: President and CEO 5291 NE ELAM YOUNG PARKWAY,, SUITE 160, HILLSBORO OR 97124
Thirty 05 Llc director, officer: President 3005 HOEDT RD, TAMPA FL 33618