Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Presto Automation's Total Liabilities for the quarter that ended in Mar. 2024 was $78.60 Mil. Presto Automation's Total Assets for the quarter that ended in Mar. 2024 was $20.43 Mil.
Therefore, Presto Automation's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 3.85.
Presto Automation Liabilities-to-Assets Historical Data
The historical data trend for Presto Automation's Liabilities-to-Assets 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.
Competitive Comparison of Presto Automation's Liabilities-to-Assets
For the Software - Application subindustry, Presto Automation's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.
Presto Automation's Liabilities-to-Assets Distribution in the Software Industry
For the Software industry and Technology sector, Presto Automation's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Presto Automation's Liabilities-to-Assets falls into.
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
Presto Automation's Liabilities-to-Assets Ratio for the fiscal year that ended in Jun. 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.
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
Presto Automation Liabilities-to-Assets Related Terms
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Presto Automation (Presto Automation) Business Description
Presto Automation Inc overlays next-gen digital solutions onto the physical world. It provides an accurate, next-gen solution that uses artificial intelligence to automate speech recognition for restaurant drive-thru. The Company earns substantially all of its revenue in the United States.
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