GlobalTech (GlobalTech) Debt-to-Equity : -0.32 (As of Mar. 2024)

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What is GlobalTech Debt-to-Equity?

GlobalTech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $8.69 Mil. GlobalTech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $3.90 Mil. GlobalTech's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-39.03 Mil. GlobalTech's debt to equity for the quarter that ended in Mar. 2024 was -0.32.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for GlobalTech's Debt-to-Equity or its related term are showing as below:

GLTK' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.37 Med: -0.31 Max: -0.26
Current: -0.32

During the past 2 years, the highest Debt-to-Equity Ratio of GlobalTech was -0.26. The lowest was -0.37. And the median was -0.31.

GLTK's Debt-to-Equity is not ranked
in the Telecommunication Services industry.
Industry Median: 0.64 vs GLTK: -0.32

GlobalTech Debt-to-Equity Historical Data

The historical data trend for GlobalTech's Debt-to-Equity 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.

GlobalTech Debt-to-Equity Chart

GlobalTech Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

-0.37

-0.26

GlobalTech Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			-0.37	N/A	-0.30	-0.26	-0.32

Competitive Comparison of GlobalTech's Debt-to-Equity

For the Telecom Services subindustry, GlobalTech's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

GlobalTech's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, GlobalTech's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where GlobalTech's Debt-to-Equity falls into.

GlobalTech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GlobalTech's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5.873	+	4.139)	/	-38.233
	=	-0.26

GlobalTech's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(8.687	+	3.902)	/	-39.031
	=	-0.32

GlobalTech (OTCPK:GLTK) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

GlobalTech Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of GlobalTech's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

GlobalTech (GlobalTech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » GlobalTech Corp (OTCPK:GLTK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3550 Barron Way, Suite 13a, Reno, NV, USA, 89511

Website

https://www.globaltechcorporation.com

GlobalTech Corp is a company which operates through its subsidiaries is involved in communications and broadband business in the country of Pakistan. The company sells digital television, analog cable television, and broadband internet services to consumers and businesses.

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