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Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Debt-to-Asset : 3.99 (As of Nov. 2023)


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What is Artificial Intelligence Technology Solutions Debt-to-Asset?

Artificial Intelligence Technology Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $8.92 Mil. Artificial Intelligence Technology Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $19.57 Mil. Artificial Intelligence Technology Solutions's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Nov. 2023 was $7.14 Mil. Artificial Intelligence Technology Solutions's debt to asset for the quarter that ended in Nov. 2023 was 3.99.


Artificial Intelligence Technology Solutions Debt-to-Asset Historical Data

The historical data trend for Artificial Intelligence Technology Solutions's Debt-to-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.

Artificial Intelligence Technology Solutions Debt-to-Asset Chart

Artificial Intelligence Technology Solutions Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.93 25.38 7.02 2.46 4.28

Artificial Intelligence Technology Solutions Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Debt-to-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 4.37 4.28 4.73 3.75 3.99

Competitive Comparison of Artificial Intelligence Technology Solutions's Debt-to-Asset

For the Computer Hardware subindustry, Artificial Intelligence Technology Solutions's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Artificial Intelligence Technology Solutions's Debt-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Artificial Intelligence Technology Solutions's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Artificial Intelligence Technology Solutions's Debt-to-Asset falls into.



Artificial Intelligence Technology Solutions Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Artificial Intelligence Technology Solutions's Debt-to-Asset for the fiscal year that ended in Feb. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(10.412 + 16.505) / 6.297
=4.27

Artificial Intelligence Technology Solutions's Debt-to-Asset for the quarter that ended in Nov. 2023 is calculated as

* 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.


Artificial Intelligence Technology Solutions  (OTCPK:AITX) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.


Artificial Intelligence Technology Solutions Debt-to-Asset Related Terms

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Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Business Description

Traded in Other Exchanges
N/A
Address
10800 Galaxie Avenue, Ferndale, MI, USA, 48220
Website
Artificial Intelligence Technology Solutions Inc through its wholly-owned subsidiary delivers robotics and artificial intelligence-based solutions for operational, security, and monitoring needs. It also creates its own software leading to the development of powerful tools such as RADSOC, RADPMC, and RADGuard.