Spectra Products (TSXV:SSA) Debt-to-Asset : 0.12 (As of Mar. 2024)

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What is Spectra Products Debt-to-Asset?

Spectra Products's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.06 Mil. Spectra Products's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.21 Mil. Spectra Products's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$2.22 Mil. Spectra Products's debt to asset for the quarter that ended in Mar. 2024 was 0.12.

Spectra Products Debt-to-Asset Historical Data

The historical data trend for Spectra Products'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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Spectra Products Debt-to-Asset Chart

Spectra Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.16

0.10

0.09

0.14

0.13

Spectra Products Quarterly Data
	Jun19	Sep19	Dec19	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															0.15	0.13	0.13	0.13	0.12

Competitive Comparison of Spectra Products's Debt-to-Asset

For the Auto Parts subindustry, Spectra Products'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.

Spectra Products's Debt-to-Asset Distribution in the Vehicles & Parts Industry

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

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

Spectra Products Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Spectra Products'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
	=	(0.061	+	0.219)	/	2.175
	=	0.13

Spectra Products'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
	=	(0.058	+	0.208)	/	2.222
	=	0.12

Spectra Products (TSXV:SSA) 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.

Spectra Products Debt-to-Asset Related Terms

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Spectra Products (TSXV:SSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Spectra Products Inc (TSXV:SSA) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

SPKTF:USA

Address

41 Horner Avenue, Unit 2, Etobicoke, Toronto, ON, CAN, M8Z 4X4

Website

https://www.spectraproducts.ca

Spectra Products Inc is a company engaged in manufacturing and supplying safety and productivity enhancement products to the bus and truck transportation industry. The operating segment of the company is Bus and Truck Transportation Safety Equipment. It manufactures and markets brake and wheel-end monitoring equipment as an after-market product through transportation dealers, distributors and direct sales to fleet operators. Geographically, it generates the majority of its revenue from the United States.

Executives

Kevin Haney

Director

Spectra Products (TSXV:SSA) Headlines

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