PlasCred Circular Innovations (PlasCred Circular Innovations) Debt-to-Asset : 1.79 (As of Jun. 2023)

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What is PlasCred Circular Innovations Debt-to-Asset?

PlasCred Circular Innovations's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.43 Mil. PlasCred Circular Innovations's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. PlasCred Circular Innovations's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was $0.80 Mil. PlasCred Circular Innovations's debt to asset for the quarter that ended in Jun. 2023 was 1.79.

PlasCred Circular Innovations Debt-to-Asset Historical Data

The historical data trend for PlasCred Circular Innovations'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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PlasCred Circular Innovations Debt-to-Asset Chart

PlasCred Circular Innovations Annual Data

Trend

Dec22

Dec23

Debt-to-Asset

1.70

PlasCred Circular Innovations Quarterly Data
	Jun22	Mar23	Jun23	Dec23
Debt-to-Asset	-	1.73	1.79	-

Competitive Comparison of PlasCred Circular Innovations's Debt-to-Asset

For the Waste Management subindustry, PlasCred Circular Innovations'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.

PlasCred Circular Innovations's Debt-to-Asset Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, PlasCred Circular Innovations's Debt-to-Asset distribution charts can be found below:

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

PlasCred Circular Innovations Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

PlasCred Circular Innovations's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(0.001	+	0)	/	1.571
	=	0.00

PlasCred Circular Innovations's Debt-to-Asset for the quarter 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
	=	(1.432	+	0)	/	0.802
	=	1.79

PlasCred Circular Innovations (OTCPK:MGPRF) 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.

PlasCred Circular Innovations Debt-to-Asset Related Terms

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PlasCred Circular Innovations (PlasCred Circular Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » PlasCred Circular Innovations Inc (OTCPK:MGPRF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

XV2:Germany PLAS:Canada

Address

810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.plascred.com

PlasCred Circular Innovations Inc is a green technology company based in Alberta, whose patent-pending and proprietary process enables true plastic waste removal in a scalable, systematic and profitable way. The PlasCred process hopes to deliver a commercially viable plastic recycling process, providing immediate economic benefit for industry, communities and government organizations for handling waste plastic.

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