G6 Materials (TSXV:GGG) Debt-to-Asset : 0.31 (As of Feb. 2024)

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What is G6 Materials Debt-to-Asset?

G6 Materials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.16 Mil. G6 Materials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.25 Mil. G6 Materials's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2024 was C$1.30 Mil. G6 Materials's debt to asset for the quarter that ended in Feb. 2024 was 0.31.

G6 Materials Debt-to-Asset Historical Data

The historical data trend for G6 Materials'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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G6 Materials Debt-to-Asset Chart

G6 Materials Annual Data

Trend

Jul14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Asset

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0.12

0.04

0.03

0.04

G6 Materials Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Asset	Get a 7-Day Free Trial															0.05	0.04	0.03	0.01	0.31

Competitive Comparison of G6 Materials's Debt-to-Asset

For the Specialty Chemicals subindustry, G6 Materials'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.

G6 Materials's Debt-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, G6 Materials's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where G6 Materials's Debt-to-Asset falls into.

G6 Materials Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

G6 Materials's Debt-to-Asset for the fiscal year that ended in May. 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
	=	(0.082	+	0)	/	1.948
	=	0.04

G6 Materials's Debt-to-Asset for the quarter that ended in Feb. 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
	=	(0.159	+	0.247)	/	1.301
	=	0.31

G6 Materials (TSXV:GGG) 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.

G6 Materials Debt-to-Asset Related Terms

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G6 Materials (TSXV:GGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » G6 Materials Corp (TSXV:GGG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

GPHBF:USA G310:Germany

Address

760 Koehler Avenue, Suite 2, Ronkonkoma, NY, USA, 11779

Website

https://www.g6-materials.com

G6 Materials Corp is engaged in the development, manufacture, and sale of proprietary composites and coatings based on graphene and other advanced materials. The company's products include high-performance resins, composites, R&D materials, fine organic chemicals, and conductive adhesives.

Executives

Elena Polyakova

Director, Senior Officer