GETECH Group (LSE:GTC) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2023)

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What is GETECH 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. GETECH Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.05.

GETECH Group's long-term debt to total assets ratio increased from Jun. 2022 (0.04) to Jun. 2023 (0.05). It may suggest that GETECH Group is progressively becoming more dependent on debt to grow their business.

GETECH Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for GETECH 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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GETECH Group LT-Debt-to-Total-Asset Chart

GETECH Group Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.08

0.09

0.05

GETECH Group Semi-Annual Data
	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.05	0.04	0.05	0.05

GETECH Group LT-Debt-to-Total-Asset Calculation

GETECH Group'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 )
	=	0.609	/	12.437
	=	0.05

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

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0.527	/	9.933
	=	0.05

GETECH Group (LSE:GTC) 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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GETECH Group (LSE:GTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GETECH Group PLC (LSE:GTC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

3AS:Germany

Address

Elmete Lane, Kitson House, Elmete Hall, West Yorkshire, Leeds, GBR, LS8 2LJ

Website

https://www.getech.com

GETECH Group PLC is a UK-based geosciences service provider company. It is engaged in the provision of geological services, reports, and data to the petroleum and mining industries to assist in their exploration activities. The company organizes its operations into two main segments: Products and Services. It derives its revenue from the Product segment. It has operations in the Americas, the United Kingdom, the Rest of Europe, Asia-Pacific, Africa, and others.

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