Gamehost (TSX:GH) LT-Debt-to-Total-Asset : 0.20 (As of Jun. 2024)

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What is Gamehost 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. Gamehost's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.20.

Gamehost's long-term debt to total assets ratio declined from Jun. 2023 (0.21) to Jun. 2024 (0.20). It may suggest that Gamehost is progressively becoming less dependent on debt to grow their business.

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

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

Gamehost Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.19

0.18

0.21

0.20

Gamehost Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.20	0.20	0.20	0.20

Gamehost LT-Debt-to-Total-Asset Calculation

Gamehost'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 )
	=	36.33	/	179.397
	=	0.20

Gamehost's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	34.993	/	177.761
	=	0.20

Gamehost (TSX:GH) 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.

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

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Gamehost Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gamehost Inc (TSX:GH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GHIFF:USA

Address

548 Laura Avenue, Suite 104, Red Deer County, AB, CAN, T4E 0A5

Website

http://www.gamehost.ca

Gamehost Inc is operating in hospitality and gaming properties in Alberta, Canada. The company's reportable segments are strategic business units that offer different services like the Gaming segment, which includes casinos offering slot, VLT, lottery, and table games; Hotel segment includes hotels catering to mid-range clients; and The Food and Beverage segment operations that are located within the casinos and hotels as a complement to other segments. It generates a majority of its revenue from the Gaming Segment. The Company is also the owner of an investment property located adjacent to its operating properties in Grande Prairie.

Executives

Darcy Will

Director, Director or Senior Officer of 10% Security Holder, Senior Officer