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Armada Mercantile (XCNQ:ARM) Debt-to-Asset : 0.00 (As of Nov. 2023)


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What is Armada Mercantile Debt-to-Asset?

Armada Mercantile's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.01 Mil. Armada Mercantile's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.00 Mil. Armada Mercantile's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Nov. 2023 was C$6.42 Mil. Armada Mercantile's debt to asset for the quarter that ended in Nov. 2023 was 0.00.

Armada Mercantile Debt-to-Asset Historical Data

The historical data trend for Armada Mercantile'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.

* Premium members only.

Armada Mercantile Debt-to-Asset Chart

Armada Mercantile Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.59 - - -

Armada Mercantile Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Armada Mercantile's Debt-to-Asset

For the Capital Markets subindustry, Armada Mercantile'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.

Armada Mercantile's Debt-to-Asset Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Armada Mercantile's Debt-to-Asset distribution charts can be found below:

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


Armada Mercantile Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Armada Mercantile's Debt-to-Asset for the fiscal year that ended in Feb. 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
=(0.007 + 0) / 6.381
=0.00

Armada Mercantile's Debt-to-Asset for the quarter that ended in Nov. 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
=(0.007 + 0) / 6.416
=0.00

* 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.

Armada Mercantile  (XCNQ:ARM) 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.

Armada Mercantile Debt-to-Asset Related Terms

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Armada Mercantile (XCNQ:ARM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Armada Mercantile Ltd (XCNQ:ARM) » Definitions » Debt-to-Asset
Comparable Companies
XCNQ:SPIR XCNQ:GBC NEOE:HOLD XCNQ:BTC TSXV:MNC XCNQ:SIX TSXV:MATE TSXV:BTCW TSXV:BITK TSXV:BKMT MS GS SCHW ASX:MQG SHSE:600030 BSP:BPAC3 RJF SHSE:601066 TW HKSE:03908
Traded in Other Exchanges
AAMTF:USA
Address
1616 West 3rd Avenue, Suite 100, Vancouver, BC, CAN, V6J 1K2
Website
https://www.armadamercantile.com
Armada Mercantile Ltd is engaged in the business of investing in new and existing businesses and organizations. The company is a financial services company that focuses on merchant banking through its wholly-owned subsidiary Armada Group USA, Inc. The company, through its investment in Oxygen Funding, Inc. which offers commercial finance services to companies; internationally, including account receivables "factoring", supply chain, equipment leasing, merchant cash advance and purchase order and other types of specialized finance.