EarthLabs (TSXV:SPOT) Debt-to-Asset : 0.04 (As of Dec. 2023)

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What is EarthLabs Debt-to-Asset?

EarthLabs's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.10 Mil. EarthLabs's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.03 Mil. EarthLabs's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$49.25 Mil. EarthLabs's debt to asset for the quarter that ended in Dec. 2023 was 0.04.

EarthLabs Debt-to-Asset Historical Data

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

EarthLabs Annual Data

Trend

May17

May18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.02

0.01

0.04

EarthLabs Quarterly Data
	Feb19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															-	-	-	-	0.04

Competitive Comparison of EarthLabs's Debt-to-Asset

For the Information Technology Services subindustry, EarthLabs'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.

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

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

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

EarthLabs Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

EarthLabs'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
	=	(1.104	+	1.032)	/	49.251
	=	0.04

EarthLabs's Debt-to-Asset for the quarter 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
	=	(1.104	+	1.032)	/	49.251
	=	0.04

EarthLabs (TSXV:SPOT) 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.

EarthLabs Debt-to-Asset Related Terms

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EarthLabs (TSXV:SPOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » EarthLabs Inc (TSXV:SPOT) » Definitions » Debt-to-Asset

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SPOFF:USA

Address

69 Yonge Street, Suite 1010, Toronto, ON, CAN, M5E 1K3

Website

https://earthlabs.com

EarthLabs Inc is a mining investment and technology company. It offers a full suite of data and knowledge-driven SaaS tools and services. EarthLabs works with industry customers across all commodity and deposit types to identify new exploration targets, develop cutting-edge technologies, and strategically invest in mineral exploration companies. It operates in two reportable segments Exploration Technology Division which houses the Company's exploration SaaS and consulting services and field services divisions, and Financial Technology Division which houses the Company's financial technology (CEO.CA and DigiGeoData) and growing investment portfolio.

Executives