Taiga Motors (TSX:TAIG) Debt-to-Asset : 0.94 (As of Mar. 2024)

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What is Taiga Motors Debt-to-Asset?

Taiga Motors's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$6.25 Mil. Taiga Motors's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$66.94 Mil. Taiga Motors's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$78.18 Mil. Taiga Motors's debt to asset for the quarter that ended in Mar. 2024 was 0.94.

Taiga Motors Debt-to-Asset Historical Data

The historical data trend for Taiga Motors'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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Taiga Motors Debt-to-Asset Chart

Taiga Motors Annual Data

Trend

May17

May18

May19

May20

Dec21

Dec22

Dec23

Debt-to-Asset

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7.96

9.02

0.08

0.14

0.78

Taiga Motors Quarterly Data
	May18	May19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial														0.38	0.48	0.56	0.78	0.94

Competitive Comparison of Taiga Motors's Debt-to-Asset

For the Recreational Vehicles subindustry, Taiga Motors'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.

Taiga Motors's Debt-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Taiga Motors's Debt-to-Asset distribution charts can be found below:

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

Taiga Motors Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Taiga Motors'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
	=	(1.549	+	66.616)	/	87.228
	=	0.78

Taiga Motors's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(6.246	+	66.936)	/	78.179
	=	0.94

Taiga Motors (TSX:TAIG) 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.

Taiga Motors Debt-to-Asset Related Terms

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Taiga Motors (TSX:TAIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Taiga Motors Corp (TSX:TAIG) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

TAIMF:USA

Address

2695 Dollard Avenue, LaSalle, Montreal, QC, CAN, H8N 2J8

Website

https://www.taigamotors.com

Taiga Motors Corp is a Canadian company focused on the production and delivery of all-electric vehicles. its activities of research and development, design, and marketing. Its product lineup includes electric snowmobiles and personal watercraft. Its geographic regions are Canada and the United states of America, and the majority of its revenue comes from Canada.

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