Looking Glass Labs (AQSE:NFTX) Debt-to-Asset : 0.28 (As of Jan. 2024)

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What is Looking Glass Labs Debt-to-Asset?

Looking Glass Labs's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was £0.18 Mil. Looking Glass Labs's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was £0.00 Mil. Looking Glass Labs's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jan. 2024 was £0.64 Mil. Looking Glass Labs's debt to asset for the quarter that ended in Jan. 2024 was 0.28.

Looking Glass Labs Debt-to-Asset Historical Data

The historical data trend for Looking Glass Labs's Debt-to-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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Looking Glass Labs Debt-to-Asset Chart

Looking Glass Labs Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Debt-to-Asset

6.78

61.00

0.06

1.93

Looking Glass Labs Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Asset	Get a 7-Day Free Trial											0.29	0.60	1.93	2.73	0.28

Competitive Comparison of Looking Glass Labs's Debt-to-Asset

For the Software - Infrastructure subindustry, Looking Glass Labs's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Looking Glass Labs's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Looking Glass Labs's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Looking Glass Labs's Debt-to-Asset falls into.

Looking Glass Labs Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Looking Glass Labs's Debt-to-Asset for the fiscal year that ended in Jul. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.91	+	0.04)	/	0.492
	=	1.93

Looking Glass Labs's Debt-to-Asset for the quarter that ended in Jan. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.178	+	0)	/	0.639
	=	0.28

Looking Glass Labs (AQSE:NFTX) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Looking Glass Labs Debt-to-Asset Related Terms

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Looking Glass Labs (AQSE:NFTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Looking Glass Labs Ltd (AQSE:NFTX) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

H1N0:Germany NFTX:Canada

Address

1890-1075 West Georgia Street, Vancouver, BC, CAN, V6E 3C9

Website

https://www.lgl.io

Looking Glass Labs Ltd is a digital agency for the Metaverse. It partners with and supports NFT collections to earn revenues from drops and royalties from secondary market re-sales. It provides services which include NFT Marketing, Partnerships & Collaborations, Development & Minting Services, Community Growth & Moderation, Brand Design & Management, Smart Contracts, Legal Services, and Metaverse Integration. The company operates within two geographic areas, Canada and Vietnam and has one operating segment which is the design, development, and sale of exclusive Non-Fungible Tokens (NFTs). It earns majority of its revenue from its operations in Canada.

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