Sollensys (Sollensys) Debt-to-Asset : 1.27 (As of Dec. 2022)

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What is Sollensys Debt-to-Asset?

Sollensys's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $2.80 Mil. Sollensys's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $1.38 Mil. Sollensys's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2022 was $3.29 Mil. Sollensys's debt to asset for the quarter that ended in Dec. 2022 was 1.27.

Sollensys Debt-to-Asset Historical Data

The historical data trend for Sollensys'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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Sollensys Debt-to-Asset Chart

Sollensys Annual Data

Trend

Mar12

Mar19

Mar20

Dec21

Dec22

Debt-to-Asset

0.62

1.27

Sollensys Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Debt-to-Asset	Get a 7-Day Free Trial															0.62	0.79	0.29	1.37	1.27

Competitive Comparison of Sollensys's Debt-to-Asset

For the Software - Infrastructure subindustry, Sollensys'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.

Sollensys's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Sollensys's Debt-to-Asset distribution charts can be found below:

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

Sollensys Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Sollensys's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2.804	+	1.375)	/	3.285
	=	1.27

Sollensys's Debt-to-Asset for the quarter that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2.804	+	1.375)	/	3.285
	=	1.27

Sollensys (OTCPK:SOLS) 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.

Sollensys Debt-to-Asset Related Terms

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Sollensys (Sollensys) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sollensys Corp (OTCPK:SOLS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1470 Treeland Boulevard Southeast, Palm Bay, FL, USA, 32909

Website

https://www.sollensys.com

Sollensys Corp manufactures the blockchain archive server that maintains a redundant, immutable backup of data. Its blockchain archive server protects client data from ransomware malicious software that infects computers and displays messages.