TPT Global Tech (TPT Global Tech) LT-Debt-to-Total-Asset : 5.83 (As of Mar. 2024)

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

What is TPT Global Tech 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. TPT Global Tech's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 5.83.

TPT Global Tech's long-term debt to total assets ratio increased from Mar. 2023 (1.48) to Mar. 2024 (5.83). It may suggest that TPT Global Tech is progressively becoming more dependent on debt to grow their business.

TPT Global Tech LT-Debt-to-Total-Asset Historical Data

The historical data trend for TPT Global Tech'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.

TPT Global Tech LT-Debt-to-Total-Asset Chart

TPT Global Tech Annual Data

Trend

Dec05

Dec06

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.22

0.29

0.30

2.02

6.48

TPT Global Tech Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.48	1.38	0.58	6.48	5.83

TPT Global Tech LT-Debt-to-Total-Asset Calculation

TPT Global Tech'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 )
	=	0.68	/	0.105
	=	6.48

TPT Global Tech's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0.63	/	0.108
	=	5.83

TPT Global Tech (OTCPK:TPTW) 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.

TPT Global Tech LT-Debt-to-Total-Asset Related Terms

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

TPT Global Tech (TPT Global Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TPT Global Tech Inc (OTCPK:TPTW) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

501 West Broadway, Suite 800, San Diego, CA, USA, 92101

Website

https://www.tptglobaltech.com

TPT Global Tech Inc is engaged in the business of distribution of cell phones and telecommunications equipment. The company's operating segment includes TPT SpeedConnect; Blue Collar, and TPT MedTech and QuikLABS. It generates maximum revenue from the TPT SpeedConnect segment. The company offers offer Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS) and carrier-grade performance and support for businesses over private IP MPLS fiber and wireless network in the United States. It also operates as a Master distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO).