Gtn (ASX:GTN) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2024)

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What is Gtn LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Gtn's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.03.

Gtn's long-term debt to total assets ratio declined from Jun. 2023 (0.08) to Jun. 2024 (0.03). It may suggest that Gtn is progressively becoming less dependent on debt to grow their business.

Gtn LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gtn's LT-Debt-to-Total-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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Gtn LT-Debt-to-Total-Asset Chart

Gtn Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.19

0.16

0.10

0.08

0.03

Gtn Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.10	-	0.08	-	0.03

Gtn LT-Debt-to-Total-Asset Calculation

Gtn's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	10.098	/	299.301
	=	0.03

Gtn's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	10.098	/	299.301
	=	0.03

Gtn (ASX:GTN) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Gtn LT-Debt-to-Total-Asset Related Terms

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Gtn Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Gtn Ltd (ASX:GTN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Miller Street, Level 42, Northpoint, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.gtnetwork.com.au

Gtn Ltd is a marketing services company. The company operates broadcast media advertising platforms that supply traffic information reports to radio and/or television stations. The company offers advertising spots on television and radio networks, adjacent to information reports that listeners are typically engaged with traffic and news, as this content is of use to the consumer. Its advertising platform enables advertisers to reach audiences in Australia, Canada, the United Kingdom, and Brazil.