Soltec Power Holdings (XMAD:SOL) Debt-to-Asset : 0.39 (As of Jun. 2023)

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What is Soltec Power Holdings Debt-to-Asset?

Soltec Power Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €99.3 Mil. Soltec Power Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €134.6 Mil. Soltec Power Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was €602.5 Mil. Soltec Power Holdings's debt to asset for the quarter that ended in Jun. 2023 was 0.39.

Soltec Power Holdings Debt-to-Asset Historical Data

The historical data trend for Soltec Power Holdings'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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Soltec Power Holdings Debt-to-Asset Chart

Soltec Power Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

0.33

0.23

0.31

Soltec Power Holdings Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Asset	Get a 7-Day Free Trial			0.28	0.23	0.30	0.31	0.39

Competitive Comparison of Soltec Power Holdings's Debt-to-Asset

For the Solar subindustry, Soltec Power Holdings'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.

Soltec Power Holdings's Debt-to-Asset Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Soltec Power Holdings's Debt-to-Asset distribution charts can be found below:

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

Soltec Power Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Soltec Power Holdings's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(98.68	+	75.54)	/	555.81
	=	0.31

Soltec Power Holdings's Debt-to-Asset for the quarter that ended in Jun. 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
	=	(99.271	+	134.647)	/	602.503
	=	0.39

Soltec Power Holdings (XMAD:SOL) 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.

Soltec Power Holdings Debt-to-Asset Related Terms

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Soltec Power Holdings (XMAD:SOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Soltec Power Holdings SA (XMAD:SOL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

0AC5:UK 5PZ:Germany

Address

Gabriel Campillo Street, Poligono Industrial la Serreta s/n, Molina de Segura, Murcia, ESP, 30500

Website

http://www.soltecpowerholdings.com

Soltec Power Holdings SA is specialized in providing integrated solutions in solar PV energy. The company designs, manufactures and installs solar tracking systems and develops solar power projects. Its business is divided into industrial (trackers and construction services) business line, which is also referred to as Soltec Industrial, and project development business line, which is also referred to as Powertis. It offers a portfolio of solar trackers, including the SF8 and SF7 single-axis trackers, the SF8 and SF7 bi-facial trackers and the SF7 Tandem.