GMETF (GameOn Entertainment Technologies) LT-Debt-to-Total-Asset: 0.20 (As of Jun. 2024)


What is GameOn Entertainment Technologies LT-Debt-to-Total-Asset?

GameOn Entertainment Technologies GMETF -99.99% LT-Debt-to-Total-Asset is 0.20 as of Jun. 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. GameOn Entertainment Technologies's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.20.

GameOn Entertainment Technologies's long-term debt to total assets ratio increased from Jun. 2023 (0.19) to Jun. 2024 (0.20). It may suggest that GameOn Entertainment Technologies is progressively becoming more dependent on debt to grow their business.

GameOn Entertainment Technologies  (OTCPK:GMETF) 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.

GameOn Entertainment Technologies LT-Debt-to-Total-Asset Related Terms

GameOn Entertainment Technologies LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for GameOn Entertainment Technologies'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.

GameOn Entertainment Technologies LT-Debt-to-Total-Asset Chart

GameOn Entertainment Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.01 0.01 0.11 0.19

GameOn Entertainment Technologies Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.19 0.20 0.19 0.19 0.20

GameOn Entertainment Technologies LT-Debt-to-Total-Asset Calculation

GameOn Entertainment Technologies'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 )
=0.769/3.959
=0.19

GameOn Entertainment Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )/Total Assets (Q: Jun. 2024 )
=0.827/4.152
=0.20

* 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 0.20 mean?
GameOn Entertainment Technologies (GMETF) has a LT-Debt-to-Total-Asset of 0.20 as of Jun. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on GameOn Entertainment Technologies and its competitors.
Is GameOn Entertainment Technologies' LT-Debt-to-Total-Asset too high?
GameOn Entertainment Technologies' current LT-Debt-to-Total-Asset is 0.20.
How does GameOn Entertainment Technologies' LT-Debt-to-Total-Asset compare to FRZT and NTES?
GameOn Entertainment Technologies' LT-Debt-to-Total-Asset of 0.20 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 GameOn Entertainment Technologies and its competitors. GameOn Entertainment Technologies's current LT-Debt-to-Total-Asset is 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GameOn Entertainment Technologies stock overvalued right now?
GameOn Entertainment Technologies (GMETF) has a current LT-Debt-to-Total-Asset of 0.20. The current LT-Debt-to-Total-Asset is 0.20. 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 GameOn Entertainment Technologies (GMETF), the current LT-Debt-to-Total-Asset is 0.20 as of Jun. 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.

GameOn Entertainment Technologies Business Description

Address 750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7
GameOn Entertainment Technologies Inc is a next-generation fantasy sports technology company.