GINSMS (TSXV:GOK) Debt-to-Asset : 1.90 (As of Dec. 2023)

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What is GINSMS Debt-to-Asset?

GINSMS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$2.00 Mil. GINSMS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. GINSMS's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$1.05 Mil. GINSMS's debt to asset for the quarter that ended in Dec. 2023 was 1.90.

GINSMS Debt-to-Asset Historical Data

The historical data trend for GINSMS'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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GINSMS Debt-to-Asset Chart

GINSMS Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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7.03

5.35

5.84

2.13

1.90

GINSMS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															2.13	1.95	1.85	1.77	1.90

Competitive Comparison of GINSMS's Debt-to-Asset

For the Telecom Services subindustry, GINSMS'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.

GINSMS's Debt-to-Asset Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, GINSMS's Debt-to-Asset distribution charts can be found below:

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

GINSMS Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

GINSMS's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(1.996	+	0)	/	1.053
	=	1.90

GINSMS's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(1.996	+	0)	/	1.053
	=	1.90

GINSMS (TSXV:GOK) 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.

GINSMS Debt-to-Asset Related Terms

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GINSMS (TSXV:GOK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » GINSMS Inc (TSXV:GOK) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 9th Avenue SW, Suite 3000, Calgary, AB, CAN, T2P 3V4

Website

http://www.ginsms.com

GINSMS Inc is a Canada based investment holding company. Its principal activities are providing messaging services which include enabling mobile application developers, short message service gateway, enterprises and financial institution to deliver SMS worldwide without any upfront capital investment through the use of the corporation's application programming interface. It also provides software product and services. The company's revenue sources are A2P messaging service income and software products and service income. The company provides services to various countries that are Singapore, Indonesia, Other Asian countries, the US and other regions, of which key revenue is derived from Singapore.

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