GlobalTech Corp financial data

Symbol
GLTK on OTC
Industry
Telephone Communications (No Radiotelephone)
Location
3550 Barron Way, Suite 13 A, Reno, NV
State of incorporation
Nevada
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 40 %
Quick Ratio 2.29 %
Debt-to-equity -115 %
Return On Equity -59.7 % -0.18%
Return On Assets -12.6 %
Operating Margin -48.2 % +64.4%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 140M shares +0.05%
Common Stock, Shares, Outstanding 140M shares
Entity Public Float 0 USD
Common Stock, Value, Issued 14K USD 0%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 13.6M USD +20.7%
Cost of Revenue 2.49M USD -18.2%
Costs and Expenses 3.8M USD
Operating Income (Loss) -6.55M USD +57.1%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -6.91M USD -327%
Income Tax Expense (Benefit) 167K USD -28.9%
Net Income (Loss) Attributable to Parent -7.07M USD +48.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 440K USD -41.4%
Accounts Receivable, after Allowance for Credit Loss, Current 3.96M USD -14.7%
Inventory, Net 861K USD +3.65%
Assets, Current 16M USD +19.4%
Deferred Income Tax Assets, Net 8.5M USD +3%
Property, Plant and Equipment, Net 17.6M USD -1.94%
Operating Lease, Right-of-Use Asset 478K USD -1.99%
Goodwill 23.6M USD
Assets 54.9M USD -4.53%
Accounts Payable, Current 9.93M USD
Accrued Liabilities, Current 2M USD
Liabilities, Current 38.7M USD +14.9%
Long-term Debt and Lease Obligation 644K USD
Operating Lease, Liability, Noncurrent 644K USD -4.75%
Other Liabilities, Noncurrent 1.16M USD -37.9%
Liabilities 45.3M USD +12%
Accumulated Other Comprehensive Income (Loss), Net of Tax -1.72M USD
Retained Earnings (Accumulated Deficit) -37.9M USD -10.8%
Stockholders' Equity Attributable to Parent -39.7M USD -10.5%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 9.56M USD -43.8%
Liabilities and Equity 54.9M USD -4.53%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 1.41M USD
Net Cash Provided by (Used in) Financing Activities -81.2K USD -20.7%
Net Cash Provided by (Used in) Investing Activities -43.8K USD -382%
Common Stock, Shares Authorized 500M shares 0%
Common Stock, Shares, Issued 140M shares 0%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 3M USD +4.71%
Interest Paid, Excluding Capitalized Interest, Operating Activities 150K USD +154%
Deferred Tax Assets, Valuation Allowance 0 USD -100%
Deferred Tax Assets, Gross 15.9M USD +24.9%
Operating Lease, Liability 881K USD -34%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -7.03M USD +71%
Property, Plant and Equipment, Gross 17.5M USD -1.98%
Operating Lease, Liability, Current 237K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.13 pure
Deferred Income Tax Expense (Benefit) 0 USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 446K USD -3.75%
Deferred Federal Income Tax Expense (Benefit) 0 USD
Current Income Tax Expense (Benefit) 50.2K USD +20.6%
Operating Lease, Payments 35.7K USD +27.8%
Additional Paid in Capital 37.5M USD
Current State and Local Tax Expense (Benefit) 0 USD
Current Federal Tax Expense (Benefit) 0 USD
Amortization of Intangible Assets 273K USD -44.8%
Deferred Tax Assets, Net of Valuation Allowance 8.5M USD
Operating Leases, Future Minimum Payments Due 1.33M USD
Deferred State and Local Income Tax Expense (Benefit) 0 USD
Interest Expense 2.15M USD +18.3%