Global Payments (BSP:G1PI34) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2023)

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What is Global Payments 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. Global Payments's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.31.

Global Payments's long-term debt to total assets ratio increased from Dec. 2022 (0.27) to Dec. 2023 (0.31). It may suggest that Global Payments is progressively becoming more dependent on debt to grow their business.

Global Payments LT-Debt-to-Total-Asset Historical Data

The historical data trend for Global Payments'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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Global Payments LT-Debt-to-Total-Asset Chart

Global Payments Annual Data

Trend

May14

May15

May16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.19

0.25

0.27

0.31

Global Payments Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.27	0.34	0.35	0.34	0.31

Global Payments LT-Debt-to-Total-Asset Calculation

Global Payments's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	76889.117	/	247783.797
	=	0.31

Global Payments's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	76889.117	/	247783.797
	=	0.31

Global Payments (BSP:G1PI34) 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.

Global Payments LT-Debt-to-Total-Asset Related Terms

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Global Payments (BSP:G1PI34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Global Payments Inc (BSP:G1PI34) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GPN:USA GPN:Mexico GLO:Germany

Address

3550 Lenox Road, Atlanta, GA, USA, 30326

Website

https://www.globalpaymentsinc.com

Global Payments is a leading provider of payment processing and software solutions and focuses on serving small and midsize merchants. The company operates in 30 countries and generates about one fourth of its revenue from outside North America, primarily in Europe and Asia. In 2019, Global Payments merged with Total System Services in an all-stock deal that gave Total System Services shareholders 48% of the combined company's shares. The merger added issuer processing operations.

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