Aduro Clean Technologies (XCNQ:ACT) Debt-to-Asset : 0.03 (As of Feb. 2024)

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What is Aduro Clean Technologies Debt-to-Asset?

Aduro Clean Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.04 Mil. Aduro Clean Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.11 Mil. Aduro Clean Technologies's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2024 was C$6.16 Mil. Aduro Clean Technologies's debt to asset for the quarter that ended in Feb. 2024 was 0.02.

Aduro Clean Technologies Debt-to-Asset Historical Data

The historical data trend for Aduro Clean Technologies'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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Aduro Clean Technologies Debt-to-Asset Chart

Aduro Clean Technologies Annual Data

Trend

May18

May19

May20

May21

May22

May23

Debt-to-Asset

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3.70

0.22

0.08

0.02

Aduro Clean Technologies Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Asset	Get a 7-Day Free Trial															0.05	0.02	0.02	0.03	0.03

Competitive Comparison of Aduro Clean Technologies's Debt-to-Asset

For the Pollution & Treatment Controls subindustry, Aduro Clean Technologies'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.

Aduro Clean Technologies's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Aduro Clean Technologies's Debt-to-Asset distribution charts can be found below:

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

Aduro Clean Technologies Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Aduro Clean Technologies's Debt-to-Asset for the fiscal year that ended in May. 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
	=	(0.062	+	0.096)	/	7.581
	=	0.02

Aduro Clean Technologies's Debt-to-Asset for the quarter that ended in Feb. 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
	=	(0.043	+	0.109)	/	6.164
	=	0.02

Aduro Clean Technologies (XCNQ:ACT) 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.

Aduro Clean Technologies Debt-to-Asset Related Terms

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Aduro Clean Technologies (XCNQ:ACT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aduro Clean Technologies Inc (XCNQ:ACT) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

ACTHF:USA 9D50:Germany

Address

1086 Modeland Road, Suite 104, Sarnia, ON, CAN, N7S 6L2

Website

https://www.adurocleantech.com

Aduro Clean Technologies Inc is a developer of patented water-based technologies to chemically recycle plastics and transform heavy crude and renewable oils into feedstocks and higher-value fuels. The company's technology activates unique properties of water in a chemistry platform that operates at relatively low temperatures and costs.