GGL (Games Global) LT-Debt-to-Total-Asset: 0.01 (As of Dec. 2023)


What is Games Global LT-Debt-to-Total-Asset?

Games Global GGL LT-Debt-to-Total-Asset is 0.01 as of Dec. 2023.

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. Games Global's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Games Global's long-term debt to total assets ratio increased from . 20 (0.00) to Dec. 2023 (0.01). It may suggest that Games Global is progressively becoming more dependent on debt to grow their business.

Games Global  (NYSE:GGL) 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.

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

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

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The historical data trend for Games Global'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.

Games Global LT-Debt-to-Total-Asset Chart

Games Global Annual Data
Trend Mar21 Mar22 Mar23
LT-Debt-to-Total-Asset
0.00 0.00 0.01

Games Global Quarterly Data
Mar22 Dec22 Mar23 Dec23
LT-Debt-to-Total-Asset 0.00 0.00 0.01 0.01

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

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

LT Debt to Total Assets (A: Mar. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )/Total Assets (A: Mar. 2023 )
=5.988/437.773
=0.01

Games Global'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 )
=4.682/473.221
=

* 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 0.01 mean?
Games Global (GGL) has a LT-Debt-to-Total-Asset of 0.01 as of Dec. 2023. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Games Global and its competitors.
Is Games Global's LT-Debt-to-Total-Asset too high?
Games Global's current LT-Debt-to-Total-Asset is 0.01.
How does Games Global's LT-Debt-to-Total-Asset compare to ?
Games Global's LT-Debt-to-Total-Asset of 0.01 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good LT-Debt-to-Total-Asset depends on the Interactive Media 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 Games Global and its competitors. Games Global's current LT-Debt-to-Total-Asset is 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Games Global stock overvalued right now?
Games Global (GGL) has a current LT-Debt-to-Total-Asset of 0.01. The current LT-Debt-to-Total-Asset is 0.01. 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 Games Global (GGL), the current LT-Debt-to-Total-Asset is 0.01 as of Dec. 2023. 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.

Games Global Business Description

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Address 62 Circular Road, Douglas, IMN, IM1 1LA
Games Global Ltd is a company that primarily works on developing, holding, and exploiting gaming-related intellectual property, as well as creating casino-style gaming content and business-to-business solutions for iGaming operators in regulated markets around the world, based on the size of its studio network.