GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Galaxy Next Generation Inc (OTCPK:GAXYQ) » Definitions » LT-Debt-to-Total-Asset

Galaxy Next Generation (Galaxy Next Generation) LT-Debt-to-Total-Asset : 0.74 (As of Mar. 2023)


View and export this data going back to 2002. Start your Free Trial

What is Galaxy Next Generation 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. Galaxy Next Generation's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.74.

Galaxy Next Generation's long-term debt to total assets ratio increased from Mar. 2022 (0.12) to Mar. 2023 (0.74). It may suggest that Galaxy Next Generation is progressively becoming more dependent on debt to grow their business.


Galaxy Next Generation LT-Debt-to-Total-Asset Historical Data

The historical data trend for Galaxy Next Generation'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.

* Premium members only.

Galaxy Next Generation LT-Debt-to-Total-Asset Chart

Galaxy Next Generation Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Jun19 Jun20 Jun21 Jun22
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.06 - 0.73 0.06 0.18

Galaxy Next Generation Quarterly Data
Mar18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.12 0.18 0.23 0.25 0.74

Galaxy Next Generation LT-Debt-to-Total-Asset Calculation

Galaxy Next Generation's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (A: Jun. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Jun. 2022 )/Total Assets (A: Jun. 2022 )
=0.836/4.565
=0.18

Galaxy Next Generation's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )/Total Assets (Q: Mar. 2023 )
=2.762/3.72
=0.74

* 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.


Galaxy Next Generation  (OTCPK:GAXYQ) 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.


Galaxy Next Generation LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Galaxy Next Generation's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Galaxy Next Generation (Galaxy Next Generation) Business Description

Traded in Other Exchanges
N/A
Address
286 Big A Road, Toccoa, GA, USA, 30577
Galaxy Next Generation Inc is a distributor of interactive learning technology hardware and software that allows the presenter and participant to engage in a fully collaborative instructional environment. Its products include its own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices.
Executives
Magen Mcgahee director, 10 percent owner, officer: COO C/O GALAXY NEXT GENERATION, INC., 285 N. BIG A ROAD, TOCCOA GA 30577
Gary Lecroy director, 10 percent owner, officer: CEO 385 BIG A ROAD, TOCCA GA 30557
Keith Watson 10 percent owner 188 WHIPPOORWILL LANE, TOCCOA GA GA 30577
Watson Kevin Collier 10 percent owner 5086 HWY. 1]84 NORTH, TOCCOA GA GA 30577