GROM (Grom Social Enterprises) LT-Debt-to-Total-Asset: 0.03 (As of Mar. 2024)

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GROM Grom Social Enterprises Inc GROM
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What is Grom Social Enterprises LT-Debt-to-Total-Asset?

Grom Social Enterprises GROM +100.00% 12 LT-Debt-to-Total-Asset is 0.03 as of Mar. 2024. GuruFocus rates GROM with a GF Score™ of 12/100.

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. Grom Social Enterprises's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Grom Social Enterprises's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.03). It may suggest that Grom Social Enterprises is progressively becoming less dependent on debt to grow their business.

Grom Social Enterprises  (OTCPK:GROM) 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.

Grom Social Enterprises LT-Debt-to-Total-Asset Related Terms

Grom Social Enterprises LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Grom Social Enterprises'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.

Grom Social Enterprises LT-Debt-to-Total-Asset Chart

Grom Social Enterprises Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only 0.06 0.08 0.03 0.04 0.06

Grom Social Enterprises Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only 0.03 0.03 0.03 0.06 0.03
GROM
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Grom Social Enterprises Inc GROM
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Grom Social Enterprises LT-Debt-to-Total-Asset Calculation

Grom Social Enterprises'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 )
=1.155/18.133
=0.06

Grom Social Enterprises's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )/Total Assets (Q: Mar. 2024 )
=0.561/18.896
=0.03

* 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 0.03 mean?
Grom Social Enterprises (GROM) has a LT-Debt-to-Total-Asset of 0.03 as of Mar. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Grom Social Enterprises and its competitors.
Is Grom Social Enterprises' LT-Debt-to-Total-Asset too high?
Grom Social Enterprises' current LT-Debt-to-Total-Asset is 0.03. Overall, Grom Social Enterprises has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Grom Social Enterprises' LT-Debt-to-Total-Asset compare to FMHS and HMLA?
Grom Social Enterprises' LT-Debt-to-Total-Asset of 0.03 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 Grom Social Enterprises and its competitors. Grom Social Enterprises's current LT-Debt-to-Total-Asset is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grom Social Enterprises stock overvalued right now?
Grom Social Enterprises (GROM) has a current LT-Debt-to-Total-Asset of 0.03. The current LT-Debt-to-Total-Asset is 0.03. Grom Social Enterprises' overall GF Score™ is 12/100. 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 Grom Social Enterprises (GROM), the current LT-Debt-to-Total-Asset is 0.03 as of Mar. 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.

Grom Social Enterprises Business Description

Address 2060 NW Boca Raton Boulevard, Suite 6, Boca Raton, FL, USA, 33431
Grom Social Enterprises Inc is a social media, technology, and entertainment company for kids focused on producing original content. In addition to providing a social media platform, the company creates content consisting of animated characters, interactive charts, videos, blogs, and games. It has three reportable business segments: Animation, which includes TDH; Original Content, which includes CIM; and Social & Technology, which includes GSOC and GEDU. The majority of its revenue is from the Animation segment.
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