TruGolf Holdings (TruGolf Holdings) Debt-to-Asset : 0.31 (As of Dec. 2023)

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What is TruGolf Holdings Debt-to-Asset?

TruGolf Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.15 Mil. TruGolf Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. TruGolf Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $6.88 Mil. TruGolf Holdings's debt to asset for the quarter that ended in Dec. 2023 was 0.31.

TruGolf Holdings Debt-to-Asset Historical Data

The historical data trend for TruGolf Holdings's Debt-to-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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TruGolf Holdings Debt-to-Asset Chart

TruGolf Holdings Annual Data

Trend

Dec21

Dec22

Debt-to-Asset

0.24

0.30

TruGolf Holdings Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial				0.30	-	0.48	0.56	0.31

Competitive Comparison of TruGolf Holdings's Debt-to-Asset

For the Electronic Gaming & Multimedia subindustry, TruGolf Holdings's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TruGolf Holdings's Debt-to-Asset Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, TruGolf Holdings's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where TruGolf Holdings's Debt-to-Asset falls into.

TruGolf Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

TruGolf Holdings's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2.39	+	1.947)	/	14.586
	=	0.30

TruGolf Holdings's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2.15	+	0)	/	6.881
	=	0.31

TruGolf Holdings (NAS:TRUG) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

TruGolf Holdings Debt-to-Asset Related Terms

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TruGolf Holdings (TruGolf Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » TruGolf Holdings Inc (NAS:TRUG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 North 1400 West, Centerville, UT, USA, 84014

Website

https://www.trugolf.com

TruGolf Inc is among the leading golf simulator manufacturers and distributors of golf simulator equipment, including software and hardware, and is in the process of developing a new line of next-generation golf simulator products that aims to revolutionize the virtual golf experience. The primary business of the company is the manufacturing and sale of indoor golf simulator hardware under its TruGolf brand, which includes TruGolf's E6 Connect premier software, as well as selling its E6 Connect software individually.

TruGolf Holdings (TruGolf Holdings) Headlines

From GuruFocus

TruGolf to Present at the Planet MicroCap Showcase: VEGAS 2024 on Wednesday, May 1, 2024 & 1x1 Meetings on Thursday, May 2, 2024

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