Mobile Global Esports (Mobile Global Esports) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Mobile Global 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. Mobile Global Esports's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Mobile Global Esports's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.02). It may suggest that Mobile Global Esports is progressively becoming more dependent on debt to grow their business.

Mobile Global Esports LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mobile Global 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.

* Premium members only.

Mobile Global Esports LT-Debt-to-Total-Asset Chart

Mobile Global Esports Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.02

Mobile Global Esports Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	0.01	0.01	0.01	0.02

Mobile Global Esports LT-Debt-to-Total-Asset Calculation

Mobile Global Esports'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 )
	=	0.052	/	3.421
	=	0.02

Mobile Global Esports's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.052	/	3.421
	=	0.02

Mobile Global Esports (OTCPK:MGAM) 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.

Mobile Global Esports LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Mobile Global Esports's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Mobile Global Esports (Mobile Global Esports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Mobile Global Esports Inc (OTCPK:MGAM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Post Road East, Westport, CT, USA, 06880

Website

https://www.mogoesports.com

Mobile Global Esports Inc develops and commercializes international esports, beginning with university esports events in India. It is launching an esports (electronic sports) platform initially focused on esports competitions played on mobile devices by university teams and players representing universities located in India and elsewhere in South Asia.

Executives

David Randall Pross	officer: CEO	73 BLUE SPRUCE CIRCLE, WESTON CT 06883
James Knopf	director	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06883
Marco Welch	director, officer: Chairman of the board	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06883
Jay P. Madan	director	8480 HONEYCUTT RD, SUITE 200, RALEIGH NC 27615
Sports Industry Of India, Inc.	10 percent owner	616 S. EL CAMINO REAL, STE. H, SAN CLEMENTE CA 92672
Alexander Alexandrov	director	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 02883
Kiki V Benson	officer: CFO	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06880
Willy Verhaegen	director	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06883