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Xos (XOS) LT-Debt-to-Total-Asset : 0.15 (As of Sep. 2024)


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What is Xos 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. Xos's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.15.

Xos's long-term debt to total assets ratio declined from Sep. 2023 (0.23) to Sep. 2024 (0.15). It may suggest that Xos is progressively becoming less dependent on debt to grow their business.


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

The historical data trend for Xos'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.

Xos LT-Debt-to-Total-Asset Chart

Xos Annual Data
Trend Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.01 0.01 0.16 0.27

Xos Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 0.23 0.27 0.30 0.32 0.15

Xos LT-Debt-to-Total-Asset Calculation

Xos'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 )
=25.496/93.684
=0.27

Xos'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 )
=18.342/120.513
=0.15

* 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.


Xos  (NAS:XOS) 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.


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

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Xos Business Description

Traded in Other Exchanges
Address
3550 Tyburn Street, Unit 100, Los Angeles, CA, USA, 90065
Xos Inc is an electric mobility company. It designs and develops fully electric battery mobility systems specifically for commercial fleets. The company's primary focus is on medium- and heavy-duty commercial vehicles that travel on last mile routes. The company leverages its proprietary technologies to provide commercial fleets zero emission vehicles that are easier to maintain and more cost-efficient on a total cost of ownership basis than internal combustion engine and commercial EV counterparts.
Executives
Christen T Romero officer: General Counsel 3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Liana Pogosyan officer: Acting Chief Financial Officer C/O XOS, INC., 3550 TYBURN STREET, LOS ANGELES CA 90065
Jose Castaneda officer: VP, Business Development 3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
George N Mattson director C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
Robert Ferber officer: Chief Technology Officer 3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Giordano Sordoni director, officer: Chief Operating Officer 3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Dakota Semler director, officer: Chief Executive Officer 3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Edward J Rapp director 100 NE ADAMS STREET, PEORIA IL 61629
Stuart N. Bernstein director C/O XOS, INC., 3550 TYBURN STREET, LOS ANGELES CA 90065
Anousheh Ansari director 10560 DR. MARTIN LUTHER KING JR. ST. N., ST. PETERSBURG, FL FL 33716
Alice K Jackson director 1800 LARIMER STREET, DENVER CO 80202
Burt Jordan director 4387 CHERRY HILL DRIVE, ORCHARD LAKE MI 48323
Kingsley Afemikhe officer: Chief Financial Officer 3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Aljomaih Automotive Co. 10 percent owner P.O. BOX 224, KING KHALID STREET, ALJOMAIH BUILDING, 1ST FLOOR, DAMMAM T0 31411
Emerald Green Trust 10 percent owner 3211 MULHOLLAND HIGHWAY, MALIBU CA 90265