GLOBALFOUNDRIES (GLOBALFOUNDRIES) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is GLOBALFOUNDRIES 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. GLOBALFOUNDRIES's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

GLOBALFOUNDRIES's long-term debt to total assets ratio declined from Dec. 2022 (0.14) to Dec. 2023 (0.10). It may suggest that GLOBALFOUNDRIES is progressively becoming less dependent on debt to grow their business.

GLOBALFOUNDRIES LT-Debt-to-Total-Asset Historical Data

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

GLOBALFOUNDRIES Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.19

0.13

0.14

0.10

GLOBALFOUNDRIES Quarterly Data
	Dec18	Dec19	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												0.14	0.15	0.14	0.14	0.10

GLOBALFOUNDRIES LT-Debt-to-Total-Asset Calculation

GLOBALFOUNDRIES'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 )
	=	1801	/	18044
	=	0.10

GLOBALFOUNDRIES'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 )
	=	1801	/	18044
	=	0.10

GLOBALFOUNDRIES (NAS:GFS) 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.

GLOBALFOUNDRIES LT-Debt-to-Total-Asset Related Terms

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GLOBALFOUNDRIES (GLOBALFOUNDRIES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GLOBALFOUNDRIES Inc (NAS:GFS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GFS:Mexico 76J:Germany

Address

400 Stonebreak Road Extension, Malta, NY, USA, 12020

Website

https://www.gf.com

GlobalFoundries is a top-five contract semiconductor manufacturer globally. It was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2015. GF is headquartered in Malta, New York, and employs about 14,000 people.