NorthStar Gaming Holdings (TSXV:BET) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2023)

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What is NorthStar Gaming Holdings 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. NorthStar Gaming Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.23.

NorthStar Gaming Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.23). It may suggest that NorthStar Gaming Holdings is progressively becoming more dependent on debt to grow their business.

NorthStar Gaming Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for NorthStar Gaming Holdings'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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NorthStar Gaming Holdings LT-Debt-to-Total-Asset Chart

NorthStar Gaming Holdings Annual Data

Trend

Jun22

Dec23

LT-Debt-to-Total-Asset

0.23

NorthStar Gaming Holdings Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	-	-	-	-	0.23

NorthStar Gaming Holdings LT-Debt-to-Total-Asset Calculation

NorthStar Gaming Holdings'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 )
	=	3.02	/	13.023
	=	0.23

NorthStar Gaming Holdings'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 )
	=	3.02	/	13.023
	=	0.23

NorthStar Gaming Holdings (TSXV:BET) 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.

NorthStar Gaming Holdings LT-Debt-to-Total-Asset Related Terms

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NorthStar Gaming Holdings (TSXV:BET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NorthStar Gaming Holdings Inc (TSXV:BET) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NSBBF:USA

Address

220 King Street West, Suite 200, Toronto, ON, CAN, M5V 3M2

Website

https://www.northstargaming.ca

NorthStar Gaming Holdings Inc owns and operates a casino and sportsbook gaming platform. This segment's gaming revenue is primarily generated from the proceeds from the Company's online casino and sportsbook.

Executives

Corey Goodman

Senior Officer

NorthStar Gaming Holdings (TSXV:BET) Headlines

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