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Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Liabilities-to-Assets : 6.07 (As of Nov. 2023)


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What is Artificial Intelligence Technology Solutions Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Artificial Intelligence Technology Solutions's Total Liabilities for the quarter that ended in Nov. 2023 was $43.33 Mil. Artificial Intelligence Technology Solutions's Total Assets for the quarter that ended in Nov. 2023 was $7.14 Mil. Therefore, Artificial Intelligence Technology Solutions's Liabilities-to-Assets Ratio for the quarter that ended in Nov. 2023 was 6.07.


Artificial Intelligence Technology Solutions Liabilities-to-Assets Historical Data

The historical data trend for Artificial Intelligence Technology Solutions's Liabilities-to-Assets 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.

Artificial Intelligence Technology Solutions Liabilities-to-Assets Chart

Artificial Intelligence Technology Solutions Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.79 62.36 10.28 3.26 6.06

Artificial Intelligence Technology Solutions Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Liabilities-to-Assets 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 5.98 6.06 6.85 5.54 6.07

Competitive Comparison of Artificial Intelligence Technology Solutions's Liabilities-to-Assets

For the Computer Hardware subindustry, Artificial Intelligence Technology Solutions's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.


Artificial Intelligence Technology Solutions's Liabilities-to-Assets Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Artificial Intelligence Technology Solutions's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Artificial Intelligence Technology Solutions's Liabilities-to-Assets falls into.



Artificial Intelligence Technology Solutions Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Artificial Intelligence Technology Solutions's Liabilities-to-Assets Ratio for the fiscal year that ended in Feb. 2023 is calculated as:

Liabilities-to-Assets (A: Feb. 2023 )=Total Liabilities/Total Assets
=38.14/6.297
=6.06

Artificial Intelligence Technology Solutions's Liabilities-to-Assets Ratio for the quarter that ended in Nov. 2023 is calculated as

Liabilities-to-Assets (Q: Nov. 2023 )=Total Liabilities/Total Assets
=43.329/7.136
=6.07

* 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.


Artificial Intelligence Technology Solutions  (OTCPK:AITX) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Artificial Intelligence Technology Solutions Liabilities-to-Assets Related Terms

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Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Business Description

Traded in Other Exchanges
N/A
Address
10800 Galaxie Avenue, Ferndale, MI, USA, 48220
Website
Artificial Intelligence Technology Solutions Inc through its wholly-owned subsidiary delivers robotics and artificial intelligence-based solutions for operational, security, and monitoring needs. It also creates its own software leading to the development of powerful tools such as RADSOC, RADPMC, and RADGuard.