TGS Esports (TGS Esports) LT-Debt-to-Total-Asset : 0.51 (As of Mar. 2022)

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What is TGS Esports 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. TGS Esports's long-term debt to total assests ratio for the quarter that ended in Mar. 2022 was 0.51.

TGS Esports's long-term debt to total assets ratio increased from Mar. 2021 (0.18) to Mar. 2022 (0.51). It may suggest that TGS Esports is progressively becoming more dependent on debt to grow their business.

TGS Esports LT-Debt-to-Total-Asset Historical Data

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

TGS Esports Annual Data

Trend

Jun20

Jun21

LT-Debt-to-Total-Asset

2.15

0.41

TGS Esports Quarterly Data
	Jun19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.18	0.41	0.52	0.66	0.51

TGS Esports LT-Debt-to-Total-Asset Calculation

TGS Esports's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2021 is calculated as

LT Debt to Total Assets (A: Jun. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2021 )	/	Total Assets (A: Jun. 2021 )
	=	0.765	/	1.859
	=	0.41

TGS Esports's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2022 is calculated as

LT Debt to Total Assets (Q: Mar. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2022 )	/	Total Assets (Q: Mar. 2022 )
	=	0.726	/	1.414
	=	0.51

TGS Esports (OTCPK:TGSEF) 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.

TGS Esports LT-Debt-to-Total-Asset Related Terms

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TGS Esports (TGS Esports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TGS Esports Inc (OTCPK:TGSEF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

XMAD:MONI MIL:MTF LSE:DCD SGX:40E LSE:MIRA MIL:CDG BOM:540023 XKRX:348840 BOM:503691 LSE:BONH

Traded in Other Exchanges

N/A

Address

4211 No. 3 Road, Richmond, BC, CAN, V6X 2C3

Website

https://www.thegamingstadium.com

TGS Esports Inc is engaged in the business of providing and hosting esports events, tournaments, and leagues at both the amateur and professional levels both online and in person. Also, the company has an esports stadium to play and watch sports.