GMGT (Gaming Technologies) LT-Debt-to-Total-Asset: 0.05 (As of Dec. 2022)

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What is Gaming Technologies LT-Debt-to-Total-Asset?

Gaming Technologies GMGT LT-Debt-to-Total-Asset is 0.05 as of Dec. 2022.

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. Gaming Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.05.

Gaming Technologies's long-term debt to total assets ratio declined from Dec. 2021 (0.07) to Dec. 2022 (0.05). It may suggest that Gaming Technologies is progressively becoming less dependent on debt to grow their business.

Gaming Technologies  (OTCPK:GMGT) 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.

Gaming Technologies LT-Debt-to-Total-Asset Related Terms

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

* Premium members only.

The historical data trend for Gaming 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.

Gaming Technologies LT-Debt-to-Total-Asset Chart

Gaming Technologies Annual Data
Trend Dec19 Dec20 Dec21 Dec22
LT-Debt-to-Total-Asset
0.02 0.03 0.07 0.05

Gaming Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 0.07 0.16 0.07 0.15 0.05

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

Gaming Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )/Total Assets (A: Dec. 2022 )
=0.034/0.704
=0.05

Gaming Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )/Total Assets (Q: Dec. 2022 )
=0.034/0.704
=0.05

* 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 0.05 mean?
Gaming Technologies (GMGT) has a LT-Debt-to-Total-Asset of 0.05 as of Dec. 2022. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Gaming Technologies and its competitors.
Is Gaming Technologies' LT-Debt-to-Total-Asset too high?
Gaming Technologies' current LT-Debt-to-Total-Asset is 0.05.
How does Gaming Technologies' LT-Debt-to-Total-Asset compare to ?
Gaming Technologies' LT-Debt-to-Total-Asset of 0.05 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 Gaming Technologies and its competitors. Gaming Technologies's current LT-Debt-to-Total-Asset is 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gaming Technologies stock overvalued right now?
Gaming Technologies (GMGT) has a current LT-Debt-to-Total-Asset of 0.05. The current LT-Debt-to-Total-Asset is 0.05. 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 Gaming Technologies (GMGT), the current LT-Debt-to-Total-Asset is 0.05 as of Dec. 2022. 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.

Gaming Technologies Business Description

Comparable Companies
Address Two Summerlin, Las Vegas, NV, USA, 89135
Gaming Technologies Inc is a gaming company specializing in business building early-stage online gambling industry company with offices in London and New York. The company develops licensed third-party games for distribution and operates a proprietary gaming platform that enables B2B partners to establish online gambling presences. The company generates more revenue from Online Casino offerings in Mexico.