GRKZF (Greek Organisation of Football Prognostics) LT-Debt-to-Total-Asset : 0.29 (As of Sep. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Greek Organisation of Football Prognostics 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. Greek Organisation of Football Prognostics's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.29.

Greek Organisation of Football Prognostics's long-term debt to total assets ratio increased from Sep. 2023 (0.27) to Sep. 2024 (0.29). It may suggest that Greek Organisation of Football Prognostics is progressively becoming more dependent on debt to grow their business.

Greek Organisation of Football Prognostics LT-Debt-to-Total-Asset Historical Data

The historical data trend for Greek Organisation of Football Prognostics'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.

* Premium members only.

Greek Organisation of Football Prognostics LT-Debt-to-Total-Asset Chart

Greek Organisation of Football Prognostics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.49

0.43

0.38

0.21

0.29

Greek Organisation of Football Prognostics 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															0.27	0.29	0.29	0.29	0.29

Greek Organisation of Football Prognostics LT-Debt-to-Total-Asset Calculation

Greek Organisation of Football Prognostics'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 )
	=	660.955	/	2290.17
	=	0.29

Greek Organisation of Football Prognostics'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 )
	=	651.597	/	2279.592
	=	0.29

Greek Organisation of Football Prognostics (OTCPK:GRKZF) 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.

Greek Organisation of Football Prognostics LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Greek Organisation of Football Prognostics's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Greek Organisation of Football Prognostics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Greek Organisation of Football Prognostics SA (OTCPK:GRKZF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GOFPY:USA OPAP:Greece 0FI1:UK GF8:Germany

Address

112 Athinon Avenue, Attica, Athens, GRC, 104 42

Website

https://www.opap.gr

Greek Organisation of Football Prognostics SA is a gambling company that operates lotteries and sports betting, including horse races. The company is the exclusive gambling provider in Greece. The firm is organized into segments based on the type of game: Lotteries, Betting, Online betting, other online games, instant and passive, Vlts, Telecom and emoney services and others. The gaming services are provided either online or through physical retailers. The company generates the vast majority of its revenue in Greece.