GTII (Global Tech Industries Group) LT-Debt-to-Total-Asset: 3.75 (As of Dec. 2023)


What is Global Tech Industries Group LT-Debt-to-Total-Asset?

Global Tech Industries Group GTII LT-Debt-to-Total-Asset is 3.75 as of Dec. 2023.

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. Global Tech Industries Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 3.75.

Global Tech Industries Group's long-term debt to total assets ratio increased from Dec. 2022 (0.26) to Dec. 2023 (3.75). It may suggest that Global Tech Industries Group is progressively becoming more dependent on debt to grow their business.

Global Tech Industries Group  (OTCPK:GTII) 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.

Global Tech Industries Group LT-Debt-to-Total-Asset Related Terms

Global Tech Industries Group LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Global Tech Industries Group'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.

Global Tech Industries Group LT-Debt-to-Total-Asset Chart

Global Tech Industries Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.67 0.00 0.12 0.26 3.75

Global Tech Industries Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.26 0.25 0.25 0.27 3.75

Global Tech Industries Group LT-Debt-to-Total-Asset Calculation

Global Tech Industries Group'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 )
=4.788/1.276
=

Global Tech Industries Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )/Total Assets (Q: Dec. 2023 )
=4.788/1.276
=

* 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 3.75 mean?
Global Tech Industries Group (GTII) has a LT-Debt-to-Total-Asset of 3.75 as of Dec. 2023. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Global Tech Industries Group and its competitors.
Is Global Tech Industries Group's LT-Debt-to-Total-Asset too high?
Global Tech Industries Group's current LT-Debt-to-Total-Asset is 3.75.
How does Global Tech Industries Group's LT-Debt-to-Total-Asset compare to EFSH and SNTE?
Global Tech Industries Group's LT-Debt-to-Total-Asset of 3.75 can be compared against companies in the Conglomerates 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 a Conglomerates company?
A good LT-Debt-to-Total-Asset depends on the Conglomerates 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 Global Tech Industries Group and its competitors. Global Tech Industries Group's current LT-Debt-to-Total-Asset is 3.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Tech Industries Group stock overvalued right now?
Global Tech Industries Group (GTII) has a current LT-Debt-to-Total-Asset of 3.75. The current LT-Debt-to-Total-Asset is 3.75. 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 Global Tech Industries Group (GTII), the current LT-Debt-to-Total-Asset is 3.75 as of Dec. 2023. 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.

Global Tech Industries Group Business Description

Address 511 Sixth Avenue, Suite 800, New York, NY, USA, 10011
Global Tech Industries Group Inc currently has no operations. It is seeking opportunities to utilize its intellectual properties and relationships with valued business associates.