Entain (LSE:ENT) Debt-to-Equity

: 1.60 (As of Dec. 2023)

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Entain's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £385 Mil. Entain's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £3,249 Mil. Entain's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £2,268 Mil. Entain's debt to equity for the quarter that ended in Dec. 2023 was 1.60.

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 Entain's Debt-to-Equity or its related term are showing as below:

LSE:ENT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.73 Max: 1.6
Current: 1.6

During the past 13 years, the highest Debt-to-Equity Ratio of Entain was 1.60. The lowest was 0.05. And the median was 0.73.

LSE:ENT's Debt-to-Equity is ranked worse than
80.14% of 690 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs LSE:ENT: 1.60

Entain Debt-to-Equity Historical Data

The historical data trend for Entain'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.

Entain Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.88

0.81

1.08

1.60

Entain Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity																0.81	0.81	1.08	1.20	1.60

Competitive Comparison

For the Gambling subindustry, Entain'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.

Entain Debt-to-Equity Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Entain's Debt-to-Equity distribution charts can be found below:

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

Entain Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Entain'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
	=	(384.9	+	3249)	/	2268
	=	1.60

Entain's Debt to Equity Ratio for the quarter 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
	=	(384.9	+	3249)	/	2268
	=	1.60

Entain (LSE:ENT) 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.

Entain Debt-to-Equity Related Terms

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Entain (LSE:ENT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Entain PLC (LSE:ENT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GMVHY:USA GMVHF:USA ENTl:UK 6GI0:Germany GVC:Austria

Address

One New Change, London, GBR, EC4M 9AF

Website

https://www.entaingroup.com

Entain PLC is an international sports betting and gaming company operating both online and in the retail sector. It has five reportable segments; Online comprises betting and gaming activities from online and mobile operations, Retail comprises betting and retail activities in the shop estates in Great Britain, Northern Ireland, Jersey, Republic of Ireland, Belgium, Italy, and Croatia, New opportunities unikrn and innovation spend, Corporate includes costs associated with Group functions including Group executive, legal, Group finance, United States joint venture, tax and treasury, and Other segments includes activities related to telephone betting, Stadia and on course pitches.

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