NXTP (NextPlay Technologies) LT-Debt-to-Total-Asset: 0.00 (As of Nov. 2022)

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NXTP NextPlay Technologies Inc NXTP
14 GF Score
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What is NextPlay Technologies LT-Debt-to-Total-Asset?

NextPlay Technologies NXTP 14 LT-Debt-to-Total-Asset is 0.00 as of Nov. 2022. GuruFocus rates NXTP with a GF Score™ of 14/100.

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. NextPlay Technologies's long-term debt to total assests ratio for the quarter that ended in Nov. 2022 was 0.00.

NextPlay Technologies's long-term debt to total assets ratio increased from Nov. 2021 (0.00) to Nov. 2022 (0.00). It may suggest that NextPlay Technologies is progressively becoming more dependent on debt to grow their business.


NextPlay Technologies  (OTCPK:NXTP) 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.


NextPlay Technologies LT-Debt-to-Total-Asset Related Terms


NextPlay Technologies LT-Debt-to-Total-Asset Historical Data

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The historical data trend for NextPlay Technologies'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.

NextPlay Technologies LT-Debt-to-Total-Asset Chart

NextPlay Technologies Annual Data
Trend Feb21 Feb22
LT-Debt-to-Total-Asset
0.00 0.04

NextPlay Technologies Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22
LT-Debt-to-Total-Asset Get a 7-Day Free Trial 0.00 0.04 0.01 0.00 0.00
NXTP
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NextPlay Technologies Inc NXTP
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NextPlay Technologies LT-Debt-to-Total-Asset Calculation

NextPlay Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2022 is calculated as

LT Debt to Total Assets (A: Feb. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Feb. 2022 )/Total Assets (A: Feb. 2022 )
=4.355/99.753
=0.04

NextPlay Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2022 is calculated as

LT Debt to Total Assets (Q: Nov. 2022 )=Long-Term Debt & Capital Lease Obligation (Q: Nov. 2022 )/Total Assets (Q: Nov. 2022 )
=0.337/103.85
=0.00

* 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 0.00 mean?
NextPlay Technologies (NXTP) has a LT-Debt-to-Total-Asset of 0.00 as of Nov. 2022. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on NextPlay Technologies and its competitors.
Is NextPlay Technologies' LT-Debt-to-Total-Asset too high?
NextPlay Technologies' current LT-Debt-to-Total-Asset is 0.00. Overall, NextPlay Technologies has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does NextPlay Technologies' LT-Debt-to-Total-Asset compare to TAOP and CETX?
NextPlay Technologies' LT-Debt-to-Total-Asset of 0.00 can be compared against companies in the Software 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 Software company?
A good LT-Debt-to-Total-Asset depends on the Software 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 NextPlay Technologies and its competitors. NextPlay Technologies's current LT-Debt-to-Total-Asset is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NextPlay Technologies stock overvalued right now?
NextPlay Technologies (NXTP) has a current LT-Debt-to-Total-Asset of 0.00. The current LT-Debt-to-Total-Asset is 0.00. NextPlay Technologies' overall GF Score™ is 14/100. 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 NextPlay Technologies (NXTP), the current LT-Debt-to-Total-Asset is 0.00 as of Nov. 2022. 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.

NextPlay Technologies Business Description

Address 1560 Sawgrass Corporate Parkway, Suite 130, Sunrise, FL, USA, 33323
NextPlay Technologies Inc is building a technology solutions company, offering games, in-game advertising, digital asset products and services, connected TV and travel booking services to consumers and corporations within a growing digital ecosystem. Its engaging products and services utilize advertising technology, Artificial Intelligence, and financial technology (FinTech) solutions to leverage the strengths and channels of its existing and acquired technologies. NextPlay is organized into 3 divisions NextMedia, its Interactive Digital Media Division (the Media Division); NextFinTech, its Finance and Technology (FinTech) Division; and NextTrip, its Travel Division.
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