Esports Entertainment Group (Esports Entertainment Group) Cash-to-Debt : 22.04 (As of Dec. 2023)

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What is Esports Entertainment 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. Esports Entertainment Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 22.04.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Esports Entertainment Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

GMBL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 9.97 Max: No Debt
Current: 22.04

During the past 13 years, Esports Entertainment Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 9.97.

GMBL's Cash-to-Debt is ranked better than
86.76% of 823 companies
in the Travel & Leisure industry
Industry Median: 0.6 vs GMBL: 22.04

Esports Entertainment Group Cash-to-Debt Historical Data

The historical data trend for Esports Entertainment 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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Esports Entertainment Group Cash-to-Debt Chart

Esports Entertainment Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.15

No Debt

2.48

0.07

18.18

Esports Entertainment Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.12	18.18	4.33	22.04

Competitive Comparison of Esports Entertainment Group's Cash-to-Debt

For the Gambling subindustry, Esports Entertainment 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.

Esports Entertainment Group's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Esports Entertainment Group's Cash-to-Debt distribution charts can be found below:

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

Esports Entertainment 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.

Esports Entertainment Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	1.745	/	(0.096	+	0)
	=	18.18

Esports Entertainment Group's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	1.102	/	(0.05	+	0)
	=	22.04

Esports Entertainment Group (OTCPK:GMBL) 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.

Esports Entertainment Group Cash-to-Debt Related Terms

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Esports Entertainment Group (Esports Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Esports Entertainment Group Inc (OTCPK:GMBL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Block 6, Triq Paceville, St. Julians, Birkirkara, MLT, STJ 3109

Website

https://www.esportsentertainmentgroup.com

Esports Entertainment Group Inc is a full-service esports and online betting company. It focuses on three verticals: Games, iGaming, and Technology. EEG Games provides a wide array of services and infrastructure for businesses to engage esports and gaming communities around the world including Esports Gaming League (EGL), which hosts a community of more than 350,000 gamers on its proprietary tournament platform EGL.tv. EEG iGaming includes a number of award-winning brands covering traditional online sports book wagering needs as well as a multinational casino operator.

Executives

Robert Soper	director	251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Michael J Villani	officer: Interim CFO and Controller	84 FESTIVAL CT., WHITE PLAINS NY 10603
Alex Igelman	officer: Chief Executive Officer	800 STEELES AVE W, SUITE B10245, THORNHILL A6 L4J 7L2
Jennifer Shera Pace	officer: Chief People Officer	FLAT 6, BLOCK D, IL-PJAZZA,, BIRBAL STREET, BALZAN O1 BZN9015
Grant Johnson	director, 10 percent owner, officer: Pres./Sec./Treas.	C/O SWISS MEDICA, 53 YONGE STREET, TORONTO A6 A1 M5E 1J3
Lydia Roy	officer: Secretary	9595 HIGHLAND POINTE PASS, DELRAY BEACH FL 33446
Mark Andrew Nielsen	director, officer: Director	5271 E SAGEWOOD DRIVE, BOISE ID 83716
Lefevre Adrien	officer: Chief Compliance Officer	170, PATER HOUSE,, LEVEL 1, PSAILA STREET, BIRKIRKARA O1 9077
Stuart James Tilly	officer: Chief Legal Officer	170 PATER HOUSE,, PSAILA STREET, BIRKIRKARA O1 BKR 9077
Warwick Winston Bartlett	director	ROSE COTTAGE,, 28 BOWLING GREEN ROAD, CASTLETOWN Y8 IM9 1EB
Daniel Michael Marks	officer: Chief Financial Officer	170 PETER HOUSE, PSAILA STREET, BIRKIKARA O1 BKR 9077
Damian Mathews	director	170 PETER HOUSE, PSAILA STREET, BIRKIRKARA O1 BRK 9077
James S Cardwell	officer: Interim CFO	CLINTON SQUARE, 75 S. CLINTON AVE., SUITE 510, ROCHESTER NY 14604
John Clyde Brackens	officer: Chief Information Officer	66 EASTVILLE AVE, EASTVILLE SUBDIVISION, FILINVEST EAST HOMES, CAINTA, RIZAL R6 1900
Shawn Erickson	10 percent owner	280 NELSON STREET, SUITE 448, VANCOUVER A1 V6E 2E2