Champion Gaming Group (Champion Gaming Group) LT-Debt-to-Total-Asset : 0.64 (As of Sep. 2023)

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What is Champion Gaming Group 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. Champion Gaming Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.64.

Champion Gaming Group's long-term debt to total assets ratio declined from Sep. 2022 (1.51) to Sep. 2023 (0.64). It may suggest that Champion Gaming Group is progressively becoming less dependent on debt to grow their business.

Champion Gaming Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Champion Gaming Group'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.

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Champion Gaming Group LT-Debt-to-Total-Asset Chart

Champion Gaming Group Annual Data

Trend

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.30

4.59

Champion Gaming Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							1.51	4.59	3.81	3.40	0.64

Champion Gaming Group LT-Debt-to-Total-Asset Calculation

Champion Gaming Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.882	/	0.192
	=	4.59

Champion Gaming Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.204	/	0.321
	=	0.64

Champion Gaming Group (OTCPK:WGRFF) 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.

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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 » LT-Debt-to-Total-Asset

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.

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