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. GitLab's Total Liabilities for the quarter that ended in Jan. 2024 was $699.9 Mil. GitLab's Total Assets for the quarter that ended in Jan. 2024 was $1,317.9 Mil.
Therefore, GitLab's Liabilities-to-Assets Ratio for the quarter that ended in Jan. 2024 was 0.53.
GitLab Liabilities-to-Assets Historical Data
The historical data trend for GitLab'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.
Competitive Comparison of GitLab's Liabilities-to-Assets
For the Software - Infrastructure subindustry, GitLab'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.
GitLab's Liabilities-to-Assets Distribution in the Software Industry
For the Software industry and Technology sector, GitLab's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where GitLab's Liabilities-to-Assets falls into.
GitLab 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.
GitLab's Liabilities-to-Assets Ratio for the fiscal year that ended in Jan. 2024 is calculated as:
* 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.
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.
GitLab Liabilities-to-Assets Related Terms
Thank you for viewing the detailed overview of GitLab's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
GitLab Inc operates on an all-remote model. The company is a technology company whose primary offering is GitLab, a complete DevOps platform delivered as a single application. GitLab is used by a wide range of organizations. The company also provides related training and professional services. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. The principal markets for GitLab are currently located in the United States, Europe, and Asia Pacific. The company is focused on accelerating innovation and broadening the distribution of its platform to companies across the world.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
GTLB has been successfully added to your 