SolarBank (NEOE:SUNN) Debt-to-Asset : 0.10 (As of Mar. 2024)

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What is SolarBank Debt-to-Asset?

SolarBank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.47 Mil. SolarBank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$3.61 Mil. SolarBank's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$39.46 Mil. SolarBank's debt to asset for the quarter that ended in Mar. 2024 was 0.10.

SolarBank Debt-to-Asset Historical Data

The historical data trend for SolarBank'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.

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SolarBank Debt-to-Asset Chart

SolarBank Annual Data

Trend

Jun22

Jun23

Debt-to-Asset

0.23

0.04

SolarBank Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial					0.05	0.04	0.04	0.07	0.10

Competitive Comparison of SolarBank's Debt-to-Asset

For the Utilities - Renewable subindustry, SolarBank'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.

SolarBank's Debt-to-Asset Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SolarBank's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where SolarBank's Debt-to-Asset falls into.

SolarBank Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

SolarBank's Debt-to-Asset for the fiscal year that ended in Jun. 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
	=	(0.196	+	0.888)	/	24.97
	=	0.04

SolarBank's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.466	+	3.613)	/	39.457
	=	0.10

SolarBank (NEOE:SUNN) 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.

SolarBank Debt-to-Asset Related Terms

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SolarBank (NEOE:SUNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SolarBank Corp (NEOE:SUNN) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

SUUNF:USA GY2:Germany

Address

505 Consumers Road, Suite 803, Toronto, ON, CAN, M2J 4Z2

Website

https://www.solarbankcorp.com

SolarBank Corp is an independent renewable and clean energy project developer and asset operator based in Canada and the United States. It is engaged in the development and operation of solar photovoltaic power generation projects in the province of Ontario and the state of New York. The company operates in two principal geographical areas - Canada and United States with a substantial portion of its overall revenue being generated from United States.

Executives

Xiaohong Zheng

Senior Officer

SolarBank (NEOE:SUNN) Headlines

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