Grow Capital (Grow Capital) LT-Debt-to-Total-Asset : 1.82 (As of Mar. 2021)

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What is Grow Capital 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. Grow Capital's long-term debt to total assests ratio for the quarter that ended in Mar. 2021 was 1.82.

Grow Capital's long-term debt to total assets ratio increased from Mar. 2020 (0.39) to Mar. 2021 (1.82). It may suggest that Grow Capital is progressively becoming more dependent on debt to grow their business.

Grow Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Grow Capital'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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Grow Capital LT-Debt-to-Total-Asset Chart

Grow Capital Annual Data

Trend

Dec11

Dec12

Dec13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

LT-Debt-to-Total-Asset

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0.90

0.33

0.16

0.46

Grow Capital Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.39	0.46	1.36	1.46	1.82

Grow Capital LT-Debt-to-Total-Asset Calculation

Grow Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2020 is calculated as

LT Debt to Total Assets (A: Jun. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2020 )	/	Total Assets (A: Jun. 2020 )
	=	0.877	/	1.913
	=	0.46

Grow Capital's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2021 is calculated as

LT Debt to Total Assets (Q: Mar. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2021 )	/	Total Assets (Q: Mar. 2021 )
	=	6.384	/	3.501
	=	1.82

Grow Capital (OTCPK:GRWC) 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.

Grow Capital LT-Debt-to-Total-Asset Related Terms

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Grow Capital (Grow Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Grow Capital Inc (OTCPK:GRWC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2485 Village View Drive, Suite 180, Henderson, NV, USA, 89074

Website

http://www.growcapitalinc.com

Grow Capital Inc is a technology solutions company focused on software, technology, and financial services business. The company serves industries such as insurance, blockchain and crypto currency, mobile payment processing, crowd funding, budgeting, stock trading, and robo-advising apps. Its operating segment includes Bombshell Technologies and corporate and Resort at Lake Selmac. The company generates maximum revenue from Bombshell Technologies and corporate segment.

Executives

Carl Sanko	director, officer: Secretary	4824 DENARO DRIVE LAS VEGAS NV 89135
Jonathan Eric Bonnette	director, 10 percent owner, officer: CTO	722 W DUTTON ROAD EAGLE POINT OR 97524
James John Olson	director, officer: Chairman	45 AMARANTH DRIVE LITTLETON CO 80127
Terry Joe Kennedy	director, 10 percent owner, officer: CEO and President	2485 VILLAGE VIEW DRIVE STE #190 HENDERSON NV 89074
Trevor Keegan Hall	officer: CFO and Treasurer	6145 S. RAINBOW BLVD, STE 105 LAS VEGAS NV 89118
Joel Aaron Bonnette	officer: CEO Bombshell Technologies Inc	25769 ROYAL BIRKDALE DR DENHAM SPRINGS LA 70726
Wayne Andrew Zallen	director, 10 percent owner	722 W. DUTTON RD EAGLE POINT OR 97524
David Tobias	director	PO BOX 1602, MESQUITE NV 89024
Joann Zallen Cleckner	officer: Corporate Secretary	3681 WINDGATE STREET MEDFORD OR 97504
Michael Myers	director	647 S DEPEW STREET LAKEWOOD CO 80226
Kevin John Asher	officer: CFO	2116 E. BEAUTIFUL LANE PHOENIX AZ 85042
Gregory Wayne Holmes	director, officer: President	4349 E. SANDS DRIVE PHOENIX AZ 85050
Thomas Lee Harker	officer: CTO	1350 N. GOLDEN KEY STREET GILBERT AZ 85233
Hoffmann Christian J. Iii	director	ONE RENAISSANCE SQUARE, TWO NORTH CENTRAL AVENUE, PHOENIX AZ 85004
Charles H House	director	2464 IRON MOUNTAIN DRIVE, PARK CITY UT 84060