Karbon-X (Karbon-X) Liabilities-to-Assets : 0.34 (As of Feb. 2024)

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What is Karbon-X 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. Karbon-X's Total Liabilities for the quarter that ended in Feb. 2024 was $0.41 Mil. Karbon-X's Total Assets for the quarter that ended in Feb. 2024 was $1.18 Mil. Therefore, Karbon-X's Liabilities-to-Assets Ratio for the quarter that ended in Feb. 2024 was 0.34.

Karbon-X Liabilities-to-Assets Historical Data

The historical data trend for Karbon-X'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.

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Karbon-X Liabilities-to-Assets Chart

Karbon-X Annual Data

Trend

May22

May23

Liabilities-to-Assets

0.05

0.10

Karbon-X Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Liabilities-to-Assets	Get a 7-Day Free Trial				0.09	0.10	0.08	0.21	0.34

Competitive Comparison of Karbon-X's Liabilities-to-Assets

For the Advertising Agencies subindustry, Karbon-X'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.

Karbon-X's Liabilities-to-Assets Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Karbon-X's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Karbon-X's Liabilities-to-Assets falls into.

Karbon-X 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.

Karbon-X's Liabilities-to-Assets Ratio for the fiscal year that ended in May. 2023 is calculated as:

Liabilities-to-Assets (A: May. 2023 )	=	Total Liabilities	/	Total Assets
	=	0.25	/	2.515
	=	0.10

Karbon-X's Liabilities-to-Assets Ratio for the quarter that ended in Feb. 2024 is calculated as

Liabilities-to-Assets (Q: Feb. 2024 )	=	Total Liabilities	/	Total Assets
	=	0.405	/	1.177
	=	0.34

Karbon-X (OTCPK:KARX) 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.

Karbon-X Liabilities-to-Assets Related Terms

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Karbon-X (Karbon-X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Karbon-X Corp (OTCPK:KARX) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

910 7TH AVE SW, SUITE 1000, Calgary, AB, CAN, T2P 3N8

Website

https://www.karbon-x.com

Karbon-X Corp is a tech-based carbon marketing company specializing in selling carbon credits direct to business or through an owned APP to the everyday person while investing in projects that have the potential to generate carbon credits and supplies in an online social media community to encourage change and growth. The Company sells carbon offsets to mining, forestry, civic earthworks, transportation and oil and gas servicing companies based on their total fossil fuel consumption for individual projects.