Champion Gaming Group (Champion Gaming Group) Cash-to-Debt : 0.00 (As of Sep. 2023)

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What is Champion Gaming Group Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Champion Gaming Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.00.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Champion Gaming Group couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Champion Gaming Group's Cash-to-Debt or its related term are showing as below:

During the past 3 years, Champion Gaming Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.02.

WGRFF's Cash-to-Debt is not ranked ^*
in the Interactive Media industry.
Industry Median: 4.63
* Ranked among companies with meaningful Cash-to-Debt only.

Champion Gaming Group Cash-to-Debt Historical Data

The historical data trend for Champion Gaming Group's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Champion Gaming Group Cash-to-Debt Chart

Champion Gaming Group Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

No Debt

1.15

0.03

Champion Gaming Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial							0.03	0.03	0.01	-	-

Competitive Comparison of Champion Gaming Group's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, Champion Gaming Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Champion Gaming Group's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Champion Gaming Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Champion Gaming Group's Cash-to-Debt falls into.

Champion Gaming Group Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Champion Gaming Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.035	/	(0.543	+	0.882)
	=	0.02

Champion Gaming Group's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.004	/	(1.7	+	0.204)
	=	0.00

Champion Gaming Group (OTCPK:WGRFF) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Champion Gaming Group Cash-to-Debt Related Terms

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Champion Gaming Group (Champion Gaming Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Champion Gaming Group Inc (OTCPK:WGRFF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

WAGR:Canada

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.championgaming.com

Champion Gaming Group Inc is a sports intelligence destination for teams, media, bettors, players, and fans. Its sports betting companies fulfil its core segments: proprietary data, advanced analytics, and expert content. The company's products are built with one simple mission - to give its customers the winning edge.

Champion Gaming Group (Champion Gaming Group) Headlines

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