GETR (Getaround) LT-Debt-to-Total-Asset: 0.78 (As of Sep. 2024)


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

Getaround GETR LT-Debt-to-Total-Asset is 0.78 as of Sep. 2024.

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. Getaround's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.78.

Getaround's long-term debt to total assets ratio increased from Sep. 2023 (0.40) to Sep. 2024 (0.78). It may suggest that Getaround is progressively becoming more dependent on debt to grow their business.

Getaround  (OTCPK:GETR) 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.

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

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

* Premium members only.

The historical data trend for Getaround'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.

Getaround LT-Debt-to-Total-Asset Chart

Getaround Annual Data
Trend Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.11 0.52 0.38 0.36

Getaround Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.40 0.36 0.70 0.72 0.78

Getaround LT-Debt-to-Total-Asset Calculation

Getaround'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 )
=58.078/161.136
=0.36

Getaround'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 )
=119.611/153.315
=0.78

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.78 mean?
Getaround (GETR) has a LT-Debt-to-Total-Asset of 0.78 as of Sep. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Getaround and its competitors.
Is Getaround's LT-Debt-to-Total-Asset too high?
Getaround's current LT-Debt-to-Total-Asset is 0.78.
How does Getaround's LT-Debt-to-Total-Asset compare to EHVVF and FMTOF?
Getaround's LT-Debt-to-Total-Asset of 0.78 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Software company?
A good LT-Debt-to-Total-Asset depends on the Software industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Getaround and its competitors. Getaround's current LT-Debt-to-Total-Asset is 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Getaround stock overvalued right now?
Getaround (GETR) has a current LT-Debt-to-Total-Asset of 0.78. The current LT-Debt-to-Total-Asset is 0.78. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Getaround (GETR), the current LT-Debt-to-Total-Asset is 0.78 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Getaround Business Description

Address 55 Green Street, San Francisco, CA, USA, 94111
Getaround Inc operates as a developer of a carsharing platform designed to instantly access and drive cars shared by people. The company's platform provides users with simple on-demand car rentals. Getaround's on-demand technology enables a contactless experience no waiting in line at a car rental facility, manually completing paperwork, or meeting anyone to collect or drop off car keys. It derives maximum revenue from United States.