Eline Entertainment Group (Eline Entertainment Group) Debt-to-Equity : 0.00 (As of Jun. 2023)

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What is Eline Entertainment Group Debt-to-Equity?

Eline Entertainment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Eline Entertainment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Eline Entertainment Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-0.03 Mil. Eline Entertainment Group's debt to equity for the quarter that ended in Jun. 2023 was 0.00.

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 Eline Entertainment Group's Debt-to-Equity or its related term are showing as below:

EEGI' s Debt-to-Equity Range Over the Past 10 Years
Min: -1 Med: -1 Max: -1
Current: -0.12

During the past 8 years, the highest Debt-to-Equity Ratio of Eline Entertainment Group was -1.00. The lowest was -1.00. And the median was -1.00.

EEGI's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.115 vs EEGI: -0.12

Eline Entertainment Group Debt-to-Equity Historical Data

The historical data trend for Eline Entertainment Group'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.

Eline Entertainment Group Debt-to-Equity Chart

Eline Entertainment Group Annual Data

Trend

Oct00

Oct01

Oct02

Oct03

Oct04

Oct05

Dec21

Dec22

Debt-to-Equity

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-0.21

-1.43

-1.51

Eline Entertainment Group Quarterly Data
	Jul03	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05	Jul05	Oct05	Jan06	Apr06	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	-1.00	-	-	-

Competitive Comparison of Eline Entertainment Group's Debt-to-Equity

For the Shell Companies subindustry, Eline Entertainment Group'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.

Eline Entertainment Group's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Eline Entertainment Group's Debt-to-Equity distribution charts can be found below:

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

Eline Entertainment Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eline Entertainment Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0	+	0)	/	-0.003
	=	0.00

Eline Entertainment Group's Debt to Equity Ratio for the quarter 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
	=	(0	+	0)	/	-0.026
	=	0.00

Eline Entertainment Group (OTCPK:EEGI) 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.

Eline Entertainment Group Debt-to-Equity Related Terms

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

Eline Entertainment Group (Eline Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Eline Entertainment Group Inc (OTCPK:EEGI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Queensway, Suite 1113, Tower 2, Lippo Centre, Admiralty, HKG

Website

http://www.elinegrp.com

Eline Entertainment Group Inc is a developmental stage company. Its plan of business has not been implemented but will involve mergers and acquisitions of operating companies .

Executives

Barry A Rothman	officer: President	20118 OCEAN KEY DRIVE, BOCA RATON FL 33498
Jayme Dorrough	director, 10 percent owner

Eline Entertainment Group (Eline Entertainment Group) Headlines

From GuruFocus

Eline Entertainment Group (OTC:EEGI) Submits Updated Filings

By PRNewswire PRNewswire • 07-29-2021