GLXZ (Galaxy Gaming) LT-Debt-to-Total-Asset : 1.29 (As of Sep. 2024)

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What is Galaxy Gaming 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 Gaming's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 1.29.

Galaxy Gaming's long-term debt to total assets ratio declined from Sep. 2023 (1.36) to Sep. 2024 (1.29). It may suggest that Galaxy Gaming is progressively becoming less dependent on debt to grow their business.

Galaxy Gaming LT-Debt-to-Total-Asset Historical Data

The historical data trend for Galaxy Gaming'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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Galaxy Gaming LT-Debt-to-Total-Asset Chart

Galaxy Gaming Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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2.02

1.67

1.31

1.28

1.33

Galaxy Gaming 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															1.36	1.33	1.33	1.31	1.29

Galaxy Gaming LT-Debt-to-Total-Asset Calculation

Galaxy Gaming'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 )
	=	53.782	/	40.476
	=	1.33

Galaxy Gaming'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 )
	=	54.261	/	41.967
	=	1.29

Galaxy Gaming (OTCPK:GLXZ) 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 Gaming LT-Debt-to-Total-Asset Related Terms

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Galaxy Gaming Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Galaxy Gaming Inc (OTCPK:GLXZ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

6480 Cameron Street, Suite 305, Las Vegas, NV, USA, 89118

Website

https://www.galaxygaming.com

Galaxy Gaming Inc is an established global gaming company specializing in the design, development, acquisition, assembly, marketing, and licensing of proprietary casino table games and associated technology, platforms and systems for the casino gaming industry. Casinos use its proprietary products and services to enhance their gaming operations and improve their profitability, productivity and security, as well as to offer popular cutting-edge gaming entertainment content and technology to their players. It has two operating segments which are combined into one reporting segment. In its GG Core operating segment, and GG Digital operating segment.

Executives

Hagerty Harry C Iii	officer: CFO	6767 SPENCER STREET, LAS VEGAS NV 89119
Meredith B. Brill	director	52 HILLHURST BLVD, TORONTO A6 M5N 1N6
Cheryl Kondra	director	6480 CAMERON STREET, SUITE 305, LAS VEGAS NV 89118
Mark A Lipparelli	director	6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Todd P Cravens	officer: CEO	6767 SPENCER STREET, LAS VEGAS NV 89119
Michael Gavin Isaacs	director	BALLY TECHNOLOGIES, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
William A Zender	director	296 DOE RUN CIRCLE, HENDERSON NV 89012
Bryan W. Waters	director	240 MONTE VISTA RIDGE ROAD, ORINDA CA 94563
Norman H Desrosiers	director	6987 VINNEDGE LANE, #119, HIGHLAND NV 92346
Triangulum Partners, Llc.	10 percent owner	6767 SPENCER ST, LAS VEGAS NV 89119
Robert B. Saucier	director, 10 percent owner, officer: CEO, CFO	6980 O'BANNON DRIVE, LAS VEGAS NV 89117
Gary Anthony Vecchiarelli	officer: Chief Financial Officer	6980 OBANNON DRIVE, LAS VEGAS NV 89117
Alixandra Saucier Regulatory Trust	other: Affiliated Trust	698O O'BANNON DRIVE, LAS VEGAS NV 89117
William E O'hara	officer: COO	6980 O'BANNON DRIVE, LAS VEGAS NV 89117
Patrick Mcnevin	director	5205 E. LINCOLN DR., PARADISE VALLEY AZ 85253