EBET (EBET) Debt-to-Equity : -0.83 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is EBET Debt-to-Equity?

EBET's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $42.87 Mil. EBET's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.57 Mil. EBET's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-52.49 Mil. EBET's debt to equity for the quarter that ended in Dec. 2023 was -0.83.

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

EBET' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.11 Med: 0.22 Max: 1.64
Current: -0.83

During the past 5 years, the highest Debt-to-Equity Ratio of EBET was 1.64. The lowest was -2.11. And the median was 0.22.

EBET's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.46 vs EBET: -0.83

EBET Debt-to-Equity Historical Data

The historical data trend for EBET'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.

EBET Debt-to-Equity Chart

EBET Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

0.07

0.20

1.45

-0.82

EBET Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial													1.64	1.29	-2.11	-0.82	-0.83

Competitive Comparison of EBET's Debt-to-Equity

For the Gambling subindustry, EBET'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.

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

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

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

EBET Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EBET's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(39.252	+	0.56)	/	-48.42
	=	-0.82

EBET'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
	=	(42.872	+	0.573)	/	-52.487
	=	-0.83

EBET (OTCPK:EBET) 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.

EBET Debt-to-Equity Related Terms

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

EBET (EBET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » EBET Inc (OTCPK:EBET) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3960 Howard Hughes Parkway, Suite 500, Las Vegas, NV, USA, 89169

Website

https://www.ebet.gg

EBET Inc is a technology company developing and operating platforms focused on esports and competitive gaming. It operates a licensed online gambling platform, which is an esports/sportsbook focused on bettors located in Asia and Latin America. It offers real-money betting on esports events from around the world in a secure environment. It accepts wagers on esports titles including Counter-Strike: GO, League of Legends, Dota 2, StarCraft 2, Rocket League, Rainbow Six, Warcraft 3, King of Glory, and FIFA, as well as professional sports including the NFL, NBA, MLB, soccer and more. The company's Brands Includes; Gogawi, Karamba, Griffon Casino, Generation VIP, and Others.

Executives

Aaron Speach	director, officer: Chief Executive Officer	C/O ESPORTS TECHNOLOGIES, INC., 720 SOUTH 7TH STREET, 3RD FLOOR, LAS VEGAS NV 89101
Cp Bf Lending, Llc	10 percent owner	1910 FAIRVIEW AVE E, SUITE 300, SEATTLE WA 98102
Matthew Lourie	officer: Chief Financial Officer	C/O EBET, INC., 197 E. CALIFORNIA AVE STE 302, LAS VEGAS NV 89104
Ebjt Management Llc	10 percent owner	5874 LUSTROUS COURT, LAS VEGAS NV 89148
Christopher Downs	director	31700 RESEARCH PARK DRIVE, MADISON HEIGHTS MI 48071
Michael Nicklas	director	C/O ESPORTS TECHNOLOGIES, INC., 720 SOUTH 7TH STREET, 3RD FLOOR, LAS VEGAS NV 89101
Dennis Neilander	director	C/O ESPORTS TECHNOLOGIES, INC., 720 SOUTH 7TH STREET, 3RD FLOOR, LAS VEGAS NV 89101
James Joseph Purcell	officer: Chief Financial Officer	C/O ESPORTS TECHNOLOGIES, INC., 720 SOUTH 7TH STREET, 3RD FLOOR, LAS VEGAS NV 89101
Bart Barden	officer: Chief Operating Officer	C/O ESPORTS TECHNOLOGIES, INC., 720 SOUTH 7TH STREET, 3RD FLOOR, LAS VEGAS NV 89101