Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Debt-to-Equity : -0.79 (As of Nov. 2023)

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

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 Total Stockholders Equity for the quarter that ended in Nov. 2023 was $-36.19 Mil. Artificial Intelligence Technology Solutions's debt to equity for the quarter that ended in Nov. 2023 was -0.79.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Artificial Intelligence Technology Solutions's Debt-to-Equity or its related term are showing as below:

AITX' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.87 Med: -0.54 Max: -0.03
Current: -0.79

During the past 12 years, the highest Debt-to-Equity Ratio of Artificial Intelligence Technology Solutions was -0.03. The lowest was -2.87. And the median was -0.54.

AITX's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.29 vs AITX: -0.79

Artificial Intelligence Technology Solutions Debt-to-Equity Historical Data

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

Artificial Intelligence Technology Solutions Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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-0.45

-0.41

-0.76

-1.09

-0.85

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-Equity	Get a 7-Day Free Trial															-0.88	-0.85	-0.81	-0.83	-0.79

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

For the Computer Hardware subindustry, Artificial Intelligence Technology Solutions's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity Distribution in the Hardware Industry

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

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

Artificial Intelligence Technology Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(10.412	+	16.505)	/	-31.843
	=	-0.85

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(8.917	+	19.57)	/	-36.193
	=	-0.79

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Artificial Intelligence Technology Solutions Debt-to-Equity Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Artificial Intelligence Technology Solutions Inc (OTCPK:AITX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

10800 Galaxie Avenue, Ferndale, MI, USA, 48220

Website

https://aitx.ai

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.