GameOn Entertainment Technologies (XCNQ:GET) LT-Debt-to-Total-Asset : 0.20 (As of Sep. 2023)

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What is GameOn Entertainment Technologies 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. GameOn Entertainment Technologies's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.20.

GameOn Entertainment Technologies's long-term debt to total assets ratio increased from Sep. 2022 (0.01) to Sep. 2023 (0.20). It may suggest that GameOn Entertainment Technologies is progressively becoming more dependent on debt to grow their business.

GameOn Entertainment Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for GameOn Entertainment 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.

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GameOn Entertainment Technologies LT-Debt-to-Total-Asset Chart

GameOn Entertainment Technologies Annual Data

Trend

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.01

0.11

GameOn Entertainment Technologies Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.01	0.11	0.01	0.19	0.20

GameOn Entertainment Technologies LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.621	/	5.558
	=	0.11

GameOn Entertainment Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.98	/	5
	=	0.20

GameOn Entertainment Technologies (XCNQ:GET) 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.

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GameOn Entertainment Technologies (XCNQ:GET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » GameOn Entertainment Technologies Inc (XCNQ:GET) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GMETF:USA 9E7:Germany 9E7:Germany

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

https://www.gameon.app

GameOn Entertainment Technologies Inc is a video game ventures firm focusing on project investments in high-value e-gaming projects featuring recognized intellectual properties. It has generated revenues from gaming projects such as Pacific Rim: Breach Wars, Men In Black, and Hello Kitty.