Snail (SNAL) Debt-to-Equity : 1.61 (As of Mar. 2024)

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What is Snail Debt-to-Equity?

Snail's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $8.03 Mil. Snail's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.02 Mil. Snail's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $5.63 Mil. Snail's debt to equity for the quarter that ended in Mar. 2024 was 1.61.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Snail's Debt-to-Equity or its related term are showing as below:

SNAL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 1.65 Max: 3.01
Current: 1.61

During the past 5 years, the highest Debt-to-Equity Ratio of Snail was 3.01. The lowest was 0.46. And the median was 1.65.

SNAL's Debt-to-Equity is ranked worse than
94.72% of 417 companies
in the Interactive Media industry
Industry Median: 0.16 vs SNAL: 1.61

Snail Debt-to-Equity Historical Data

The historical data trend for Snail's Debt-to-Equity 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.

Snail Debt-to-Equity Chart

Snail Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

0.46

1.20

1.48

1.79

Snail Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									1.70	1.56	3.01	1.79	1.61

Competitive Comparison of Snail's Debt-to-Equity

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

Snail's Debt-to-Equity Distribution in the Interactive Media Industry

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

* The bar in red indicates where Snail's Debt-to-Equity falls into.

Snail Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Snail's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(13.448	+	1.425)	/	8.3
	=	1.79

Snail's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(8.034	+	1.023)	/	5.634
	=	1.61

Snail (NAS:SNAL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Snail Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Snail's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Snail (SNAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Snail Inc (NAS:SNAL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

12049 Jefferson Boulevard, Culver City, CA, USA, 90230

Website

https://www.snail.com

Snail Inc is a global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PC's and mobile devices. Geographic presence of company is in United States and International majority of its revenue comes from United States.

Executives

Heidy Kingwan Chow	officer: Chief Financial Officer	92 KESTREL, IRVINE CA 92618
Neil Foster	director	320 W. 37TH STREET, 13TH FLOOR, NEW YORK NY 10018
Hai Shi	director	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Jim S. Tsai	officer: Chief Executive Officer	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Sandra Pundmann	director	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Peter Yung Kang	officer: Chief Operating Officer	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Ying Zhou	director	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Xiaoming Ye	10 percent owner	ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Qianrong Capital Ltd	10 percent owner	ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Suzhou Ding Rong Investment Management Ltd	10 percent owner	ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Hua Yuan International Ltd	10 percent owner	ROOM 8201, INTERNATIONAL COMMERCE CENTRE, 1 AUSTIN ROAD WEST, KOWLOON, HONG KONG K3 999077
Ancient Jade (east) Holdings Ltd	10 percent owner	FLOOR 12 - TOWER D, NO.1 XUANWUMENWAI ST, XICHENG DISTRICT, BEIJING F4 100000