VEVMQ (Vicinity Motor) LT-Debt-to-Total-Asset: 0.00 (As of Mar. 2024)


VEVMQ Vicinity Motor Corp VEVMQ
12 GF Score
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What is Vicinity Motor LT-Debt-to-Total-Asset?

Vicinity Motor VEVMQ -99.00% 12 LT-Debt-to-Total-Asset is 0.00 as of Mar. 2024. GuruFocus rates VEVMQ with a GF Score™ of 12/100.

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. Vicinity Motor's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Vicinity Motor's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.00). It may suggest that Vicinity Motor is progressively becoming less dependent on debt to grow their business.

Vicinity Motor  (OTCPK:VEVMQ) 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.

Vicinity Motor LT-Debt-to-Total-Asset Related Terms

Vicinity Motor LT-Debt-to-Total-Asset Historical Data

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The historical data trend for Vicinity Motor'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.

Vicinity Motor LT-Debt-to-Total-Asset Chart

Vicinity Motor Annual Data
Trend Aug14 Aug15 Aug16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Vicinity Motor Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.05 0.04 0.00 0.00 0.00
VEVMQ
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Vicinity Motor Corp VEVMQ
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Vicinity Motor LT-Debt-to-Total-Asset Calculation

Vicinity Motor's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=0/74.195
=0.00

Vicinity Motor's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )/Total Assets (Q: Mar. 2024 )
=0/77.831
=0.00

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.00 mean?
Vicinity Motor (VEVMQ) has a LT-Debt-to-Total-Asset of 0.00 as of Mar. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Vicinity Motor and its competitors.
Is Vicinity Motor's LT-Debt-to-Total-Asset too high?
Vicinity Motor's current LT-Debt-to-Total-Asset is 0.00. Overall, Vicinity Motor has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Vicinity Motor's LT-Debt-to-Total-Asset compare to TSLA and GM?
Vicinity Motor's LT-Debt-to-Total-Asset of 0.00 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Vehicles & Parts company?
A good LT-Debt-to-Total-Asset depends on the Vehicles & Parts industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Vicinity Motor and its competitors. Vicinity Motor's current LT-Debt-to-Total-Asset is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vicinity Motor stock overvalued right now?
Vicinity Motor (VEVMQ) has a current LT-Debt-to-Total-Asset of 0.00. The current LT-Debt-to-Total-Asset is 0.00. Vicinity Motor's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Vicinity Motor (VEVMQ), the current LT-Debt-to-Total-Asset is 0.00 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Vicinity Motor Business Description

Address 3168 262nd Street, Aldergrove, BC, CAN, V4W 2Z6
Vicinity Motor Corp is a bus manufacturer. The company is engaged in designing, engineering, and manufacturing mid-size buses for transit authorities and commercial enterprises. Geographically, it derives a majority of its revenue from Canada and also has a presence in the United States.
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