Drago Entertainment (WAR:DGE) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Drago Entertainment 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. Drago Entertainment's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Drago Entertainment could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

WAR:DGE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.54 Med: No Debt Max: No Debt
Current: No Debt

During the past 5 years, Drago Entertainment's highest Cash to Debt Ratio was No Debt. The lowest was 0.54. And the median was No Debt.

WAR:DGE's Cash-to-Debt is ranked better than
99.83% of 586 companies
in the Interactive Media industry
Industry Median: 4.905 vs WAR:DGE: No Debt

Drago Entertainment Cash-to-Debt Historical Data

The historical data trend for Drago Entertainment'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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Drago Entertainment Cash-to-Debt Chart

Drago Entertainment Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.54

331.60

No Debt

Drago Entertainment Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Drago Entertainment's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, Drago Entertainment'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.

Drago Entertainment's Cash-to-Debt Distribution in the Interactive Media Industry

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

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

Drago Entertainment 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.

Drago Entertainment's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Drago Entertainment had no debt ⁽¹⁾.

Drago Entertainment's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Drago Entertainment had no debt ⁽¹⁾.

Drago Entertainment (WAR:DGE) 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.

Drago Entertainment Cash-to-Debt Related Terms

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

Drago Entertainment (WAR:DGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Drago Entertainment SA (WAR:DGE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

65M:Germany

Address

ul. Alba?ska 3, Krakow, POL, 30-662

Website

http://www.drago-entertainment.com

Drago Entertainment SA is a gaming company. The company has delivered great, innovative games such as Oil Tycoon 2, Cold Zero - The last Stand, Hell-Copter/Vulture. It is focused on creating and developing its own projects.

Drago Entertainment (WAR:DGE) Headlines

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Drago Entertainment (WAR:DGE) Cash-to-Debt : No Debt (1) (As of Dec. 2023)