LGLOF (Green Block Mining) Debt-to-Asset : 0.42 (As of Aug. 2021)

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What is Green Block Mining Debt-to-Asset?

Green Block Mining LGLOF -90.00% Debt-to-Asset is 0.42 as of Aug. 2021.

Green Block Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2021 was $3.15 Mil. Green Block Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2021 was $2.19 Mil. Green Block Mining's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Aug. 2021 was $12.60 Mil. Green Block Mining's debt to asset for the quarter that ended in Aug. 2021 was 0.42.

Green Block Mining  (OTCPK:LGLOF) 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.

Green Block Mining Debt-to-Asset Related Terms

Green Block Mining Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Green Block Mining'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.

Green Block Mining Debt-to-Asset Chart

Green Block Mining Annual Data
Trend Nov18 Nov19 Nov20
Debt-to-Asset
1.16 0.57 0.44

Green Block Mining Quarterly Data
Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.54 0.44 0.57 0.45 0.42

LGLOF vs CRM, INTU, NOW: Debt-to-Asset Comparison

For the Software - Application subindustry, Green Block Mining'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.

Green Block Mining Debt-to-Asset vs Software Industry

For the Software industry and Technology sector, Green Block Mining's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Green Block Mining's Debt-to-Asset falls into.


Green Block Mining Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Green Block Mining's Debt-to-Asset for the fiscal year that ended in Nov. 2020 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.779361 + 1.472533) / 5.174618
=0.44

Green Block Mining's Debt-to-Asset for the quarter that ended in Aug. 2021 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(3.149464 + 2.188526) / 12.595799
=0.42

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.42 mean?
Green Block Mining (LGLOF) has a Debt-to-Asset of 0.42 as of Aug. 2021. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Green Block Mining and its competitors.
Is Green Block Mining's Debt-to-Asset too high?
Green Block Mining's current Debt-to-Asset is 0.42.
How does Green Block Mining's Debt-to-Asset compare to CRM and INTU?
Green Block Mining's Debt-to-Asset of 0.42 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Software company?
A good Debt-to-Asset depends on the Software industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Green Block Mining and its competitors. Green Block Mining's current Debt-to-Asset is 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green Block Mining stock overvalued right now?
Green Block Mining (LGLOF) has a current Debt-to-Asset of 0.42. The current Debt-to-Asset is 0.42. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Green Block Mining (LGLOF), the current Debt-to-Asset is 0.42 as of Aug. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Green Block Mining Business Description

Address 800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6
Green Block Mining Corp, formerly Link Global Technologies Inc is a innovative power and infrastructure solution provider for digital mining and data hosting operations. LINK maximizes the potential of today's technologies through power solutions. It builds and manages semi-portable, self-contained power solutions that can be rapidly deployed in virtually any environment. With the low-cost, energy-efficient and smart infrastructure company provides digital mining services to third parties.