Allied Gaming & Entertainment (FRA:2AA) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Allied Gaming & Entertainment 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. Allied Gaming & Entertainment's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Allied Gaming & Entertainment's long-term debt to total assets ratio declined from Sep. 2023 (0.06) to Sep. 2024 (0.03). It may suggest that Allied Gaming & Entertainment is progressively becoming less dependent on debt to grow their business.

Allied Gaming & Entertainment LT-Debt-to-Total-Asset Historical Data

The historical data trend for Allied Gaming & Entertainment'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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Allied Gaming & Entertainment LT-Debt-to-Total-Asset Chart

Allied Gaming & Entertainment Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.07

0.05

Allied Gaming & Entertainment Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.05	0.04	0.04	0.03

Allied Gaming & Entertainment LT-Debt-to-Total-Asset Calculation

Allied Gaming & Entertainment'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 )
	=	5.099	/	102.72
	=	0.05

Allied Gaming & Entertainment's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	4.003	/	116.974
	=	0.03

Allied Gaming & Entertainment (FRA:2AA) 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.

Allied Gaming & Entertainment LT-Debt-to-Total-Asset Related Terms

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Allied Gaming & Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Allied Gaming & Entertainment Inc (FRA:2AA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

AGAE:USA

Address

745 Fifth Avenue, Suite 500, New York, NY, USA, 10151

Website

https://www.alliedgaming.gg

Allied Gaming & Entertainment Inc is an experiential entertainment company focused on providing a growing world of gamers with various experiences through renowned assets, products, and services.

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