Grom Social Enterprises (Grom Social Enterprises) Debt-to-Revenue : 0.32 (As of Mar. 2024)

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What is Grom Social Enterprises Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Grom Social Enterprises's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.55 Mil. Grom Social Enterprises's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.56 Mil. Grom Social Enterprises's annualized Revenue for the quarter that ended in Mar. 2024 was $3.50 Mil. Grom Social Enterprises's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 0.32.

Grom Social Enterprises Debt-to-Revenue Historical Data

The historical data trend for Grom Social Enterprises's Debt-to-Revenue 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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Grom Social Enterprises Debt-to-Revenue Chart

Grom Social Enterprises Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

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0.75

0.68

0.63

0.30

0.40

Grom Social Enterprises Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Revenue	Get a 7-Day Free Trial															0.33	0.38	0.27	0.44	0.32

Competitive Comparison of Grom Social Enterprises's Debt-to-Revenue

For the Internet Content & Information subindustry, Grom Social Enterprises's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

Grom Social Enterprises's Debt-to-Revenue Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Grom Social Enterprises's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Grom Social Enterprises's Debt-to-Revenue falls into.

Grom Social Enterprises Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Grom Social Enterprises's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.46	+	1.155)	/	4.041
	=	0.40

Grom Social Enterprises's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.55	+	0.561)	/	3.496
	=	0.32

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.

Grom Social Enterprises Debt-to-Revenue Related Terms

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Grom Social Enterprises (Grom Social Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Grom Social Enterprises Inc (NAS:GROM) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

2060 NW Boca Raton Boulevard, Suite 6, Boca Raton, FL, USA, 33431

Website

https://www.gromsocial.com

Grom Social Enterprises Inc is a social media, technology, and entertainment company for kids focused on producing original content. In addition to providing a social media platform, the company creates content consisting of animated characters, interactive charts, videos, blogs, and games.

Executives

Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Jason Allen Williams	officer: CFO, Secretary and Treasurer	1649 NORTHWEST 136TH AVENUE, SUNRISE FL 33323
Robert Stevens	director	C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD., #6, BOCA RATON FL 33431
Norman Steven Rosenthal	director	14 TRAILS END ROAD, WILTON CT 06897-3330
Wayne Dearing	officer: President of TD Holdings Ltd.	C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, #6, BOCA RATON FL 33431
Thomas J. Rutherford	director	16205 TALAVERA DE AVILA, TAMPA FL 33613
Melvin Leiner	director, 10 percent owner	C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, SUITE 6, BOCA RATON FL 33431
Darren Marks	director, 10 percent owner	C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, SUITE #6, BOCA RATON FL 33431
Ismael Llera	officer: CEO and CFO	2060 NW BOCA RATON BLVD, #6, BOCA RATON FL 33431
William Frederick Andrews	officer: Chief Operating Officer	4721 NW 27TH AVENUE, BOCA RATON FL 33434