Gorilla Technology Group (Gorilla Technology Group) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is Gorilla Technology Group LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Gorilla Technology Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Gorilla Technology Group's long-term debt to total assets ratio declined from Dec. 2022 (0.13) to Dec. 2023 (0.06). It may suggest that Gorilla Technology Group is progressively becoming less dependent on debt to grow their business.

Gorilla Technology Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gorilla Technology Group's LT-Debt-to-Total-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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Gorilla Technology Group LT-Debt-to-Total-Asset Chart

Gorilla Technology Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.10

0.11

0.13

0.06

Gorilla Technology Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.11	0.12	0.13	0.10	0.06

Gorilla Technology Group LT-Debt-to-Total-Asset Calculation

Gorilla Technology Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	6.845	/	115.438
	=	0.06

Gorilla Technology Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	6.845	/	115.438
	=	0.06

Gorilla Technology Group (NAS:GRRR) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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Gorilla Technology Group (Gorilla Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Gorilla Technology Group Inc (NAS:GRRR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Meridien House, 42 Upper Berkeley Street, Marble Arch, London, GBR, W1H 5QJ

Website

https://www.gorilla-technology.com

Gorilla Technology Group Inc is primarily engaged in providing information, software, and data processing services. It is a provider of video intelligence, Internet of Things (IoT) security, edge AI data analytics, and operational technology (OT) security solutions and services. Its reportable segments are video IoT and security convergence and Other segments.