The Glimpse Group (The Glimpse Group) Liabilities-to-Assets : 0.33 (As of Dec. 2023)

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What is The Glimpse Group Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. The Glimpse Group's Total Liabilities for the quarter that ended in Dec. 2023 was $7.28 Mil. The Glimpse Group's Total Assets for the quarter that ended in Dec. 2023 was $22.08 Mil. Therefore, The Glimpse Group's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.33.

The Glimpse Group Liabilities-to-Assets Historical Data

The historical data trend for The Glimpse Group's Liabilities-to-Assets 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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The Glimpse Group Liabilities-to-Assets Chart

The Glimpse Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Liabilities-to-Assets

0.29

1.15

1.36

0.25

0.54

The Glimpse Group Quarterly Data
	Jun19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Liabilities-to-Assets	Get a 7-Day Free Trial												0.29	0.32	0.54	0.38	0.33

Competitive Comparison of The Glimpse Group's Liabilities-to-Assets

For the Software - Infrastructure subindustry, The Glimpse Group's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.

The Glimpse Group's Liabilities-to-Assets Distribution in the Software Industry

For the Software industry and Technology sector, The Glimpse Group's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where The Glimpse Group's Liabilities-to-Assets falls into.

The Glimpse Group Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

The Glimpse Group's Liabilities-to-Assets Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Liabilities-to-Assets (A: Jun. 2023 )	=	Total Liabilities	/	Total Assets
	=	13.055	/	24.278
	=	0.54

The Glimpse Group's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	7.278	/	22.075
	=	0.33

The Glimpse Group (NAS:VRAR) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

The Glimpse Group Liabilities-to-Assets Related Terms

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The Glimpse Group (The Glimpse Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » The Glimpse Group Inc (NAS:VRAR) » Definitions » Liabilities-to-Assets

Comparable Companies

CISO SKKY JG SOS VHC CLOQ RVYL SDCH MARK TGCB MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ

Traded in Other Exchanges

9DR:Germany

Address

15 West 38th Street, 12th Floor, New York, NY, USA, 10018

Website

https://www.theglimpsegroup.com

The Glimpse Group Inc is a diversified Virtual and Augmented Reality platform company, comprised of multiple VR and AR software and services companies, and designed with the specific purpose of cultivating companies in the emerging VR/AR industry.

Executives

Lemuel Amen	director	15 WEST 38TH STREET, 9TH FLOOR, NEW YORK NY 10018
Tyler Gates	officer: Chief Futurist Officer	4154 36TH STREET, ARLINGTON VA 22206
Alexander Ruckdaeschel	director	123 EAST 83RD STREET, APT 3-B, NEW YORK NY 10028
Jeffrey Ralph Meisner	director, officer: Chief Revenue Officer	401 PALLADIAN BLVD., SOUTHLAKE TX 76092
Lyron L Bentovim	director, 10 percent owner, officer: President & CEO	60 CUTTER MILL ROAD, GREAT NECK, NEW YORK NY 11021
Maydan Rothblum	director, officer: Chief Financial Officer & COO	19655 DESCARTES, FOOTHILL RANCH CA 92610
Jeffrey D. Enslin	director	15 WEST 38TH STREET, 9TH FLOOR, NEW YORK NY 10018
Ian Morgan Charles	director	35 ANTILLES WAY, TIBURON CA 94920
David John Smith	director, 10 percent owner, officer: Chief Creative Officer	15 WEST 38TH STREET, 9TH FLOOR, NEW YORK NY 10018
Sharon T Rowlands	director	195 BROADWAY, NEW YORK NY 10007