GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Globe Telecom Inc (OTCPK:GTMEY) » Definitions » LT-Debt-to-Total-Asset

Globe Telecom (Globe Telecom) LT-Debt-to-Total-Asset : 0.47 (As of Mar. 2024)


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

What is Globe Telecom 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. Globe Telecom's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.47.

Globe Telecom's long-term debt to total assets ratio increased from Mar. 2023 (0.42) to Mar. 2024 (0.47). It may suggest that Globe Telecom is progressively becoming more dependent on debt to grow their business.

Globe Telecom LT-Debt-to-Total-Asset Historical Data

The historical data trend for Globe Telecom'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.

Globe Telecom LT-Debt-to-Total-Asset Chart

Globe Telecom 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 0.41 0.47 0.46 0.43 0.48

Globe Telecom 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 0.42 0.42 0.43 0.48 0.47

Globe Telecom LT-Debt-to-Total-Asset Calculation

Globe Telecom'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 )
=5042.06/10418.901
=0.48

Globe Telecom'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 )
=4994.865/10554.834
=0.47

* 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.

Globe Telecom  (OTCPK:GTMEY) 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.

Globe Telecom LT-Debt-to-Total-Asset Related Terms

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

Globe Telecom (Globe Telecom) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Globe Telecom Inc (OTCPK:GTMEY) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
PHS:TEL PHS:CNVRG PHS:DITO PHS:NOW PHS:TBGI SHSE:600941 CMCSA TMUS VZ T XTER:DTE TSE:9432 NSE:BHARTIARTL HKSE:00728 TSE:9433 TSE:9984 CHTR TSE:9434 AMX B SAU:7010
Traded in Other Exchanges
GLO:Philippines
Address
32nd Street Corner 7th Avenue, 27th Floor, The Globe Tower, Bonifacio Global City, Taguig, PHL, 1634
Website
https://www.globe.com.ph
Globe Telecom Inc is a telecommunications company that provides mobile, voice, and broadband services. Its operating segments are Mobile Business, Fixed Line and Broadband Business. Mobile involves traditional mobile services and contributes the majority of company revenue. Within the mobile division, the majority of subscribers are considered prepaid customers. The other division, fixed-line and broadband, provides fixed-line voice services, corporate data, and Internet for its customers. The company generates the vast majority of its revenue in the Philippines.