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Stargaze Entertainment Group (Stargaze Entertainment Group) LT-Debt-to-Total-Asset : 0.47 (As of Aug. 2023)


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What is Stargaze Entertainment Group 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. Stargaze Entertainment Group's long-term debt to total assests ratio for the quarter that ended in Aug. 2023 was 0.47.

Stargaze Entertainment Group's long-term debt to total assets ratio increased from . 20 (0.00) to Aug. 2023 (0.47). It may suggest that Stargaze Entertainment Group is progressively becoming more dependent on debt to grow their business.

Stargaze Entertainment Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Stargaze Entertainment 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.

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Stargaze Entertainment Group LT-Debt-to-Total-Asset Chart

Stargaze Entertainment Group Annual Data
Trend
LT-Debt-to-Total-Asset

Stargaze Entertainment Group Semi-Annual Data
Aug23
LT-Debt-to-Total-Asset 0.47

Stargaze Entertainment Group LT-Debt-to-Total-Asset Calculation

Stargaze Entertainment Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )=Long-Term Debt & Capital Lease Obligation (A: . 20 )/Total Assets (A: . 20 )
=/
=

Stargaze Entertainment Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (Q: Aug. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Aug. 2023 )/Total Assets (Q: Aug. 2023 )
=0.284/0.601
=

* 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.

Stargaze Entertainment Group  (OTCPK:STGZ) 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.

Stargaze Entertainment Group LT-Debt-to-Total-Asset Related Terms

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Stargaze Entertainment Group (Stargaze Entertainment Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Stargaze Entertainment Group Inc (OTCPK:STGZ) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
334 Cornelia Street, Suite 279, Plattsburgh, NY, USA, 12901
Website
https://www.stargazeentertainmentgroup.com
Stargaze Entertainment Group Inc is an entertainment production and distribution company. It focuses on the creation and distribution of films, music and live streaming of shows. The company's other services include copyrights, records production, and distribution, music publication.