SolarBank (NEOE:SUNN) Debt-to-Revenue : 0.04 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is SolarBank Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

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 annualized Revenue for the quarter that ended in Mar. 2024 was C$96.30 Mil. SolarBank's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

SolarBank Debt-to-Revenue Historical Data

The historical data trend for SolarBank's Debt-to-Revenue 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.

SolarBank Debt-to-Revenue Chart

SolarBank Annual Data

Trend

Jun22

Jun23

Debt-to-Revenue

0.21

0.06

SolarBank Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Revenue	Get a 7-Day Free Trial					0.40	0.03	0.03	0.06	0.04

Competitive Comparison of SolarBank's Debt-to-Revenue

For the Utilities - Renewable subindustry, SolarBank's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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-Revenue Distribution in the Utilities - Independent Power Producers Industry

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

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

SolarBank Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

SolarBank's Debt-to-Revenue for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.196	+	0.888)	/	18.398
	=	0.06

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

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.466	+	3.613)	/	96.3
	=	0.04

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.

SolarBank Debt-to-Revenue Related Terms

Thank you for viewing the detailed overview of SolarBank's Debt-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

SolarBank (NEOE:SUNN) Business Description

Industry

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

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

No Headlines