The Lottery (ASX:TLC) Debt-to-Equity : 7.55 (As of Dec. 2023)

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What is The Lottery Debt-to-Equity?

The Lottery's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$12 Mil. The Lottery's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2,618 Mil. The Lottery's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$348 Mil. The Lottery's debt to equity for the quarter that ended in Dec. 2023 was 7.55.

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

ASX:TLC' s Debt-to-Equity Range Over the Past 10 Years
Min: 6.17 Med: 9.63 Max: 47.63
Current: 7.55

During the past 2 years, the highest Debt-to-Equity Ratio of The Lottery was 47.63. The lowest was 6.17. And the median was 9.63.

ASX:TLC's Debt-to-Equity is ranked worse than
96.1% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs ASX:TLC: 7.55

The Lottery Debt-to-Equity Historical Data

The historical data trend for The Lottery'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.

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The Lottery Debt-to-Equity Chart

The Lottery Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

10.24

9.63

The Lottery Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	47.63	10.24	6.17	9.63	7.55

Competitive Comparison of The Lottery's Debt-to-Equity

For the Gambling subindustry, The Lottery'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.

The Lottery's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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

The Lottery Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Lottery's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(10.4	+	2538.8)	/	264.8
	=	9.63

The Lottery'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
	=	(11.9	+	2618.2)	/	348.3
	=	7.55

The Lottery (ASX:TLC) 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.

The Lottery Debt-to-Equity Related Terms

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

The Lottery (ASX:TLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » The Lottery Corp Ltd (ASX:TLC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LTRCF:USA

Address

180 Ann Street, Level 8, Brisbane, QLD, AUS, 4000

Website

https://www.thelotterycorporation.com

The Lottery Corp is Australia's largest provider of lottery, Keno and instant scratch products, with long-dated and/or exclusive licences for lottery in all Australian states and territories except Western Australia, and in most states and territories for Keno. The Lottery Corp has a distribution network of over 3,800 franchised retailers selling instant scratch and lottery products through vendors such as newsagents, service stations, pharmacies, and convenience stores, in addition to online sales. Keno is sold in over 3,400 pubs and clubs.