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Lottery.com (Lottery.com) Debt-to-Equity : 0.17 (As of Dec. 2023)


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What is Lottery.com Debt-to-Equity?

Lottery.com's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.08 Mil. Lottery.com's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Lottery.com's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $35.79 Mil. Lottery.com's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

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

LTRY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04   Med: 0.17   Max: 1.27
Current: 0.17

During the past 5 years, the highest Debt-to-Equity Ratio of Lottery.com was 1.27. The lowest was 0.04. And the median was 0.17.

LTRY's Debt-to-Equity is ranked better than
75% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs LTRY: 0.17

Lottery.com Debt-to-Equity Historical Data

The historical data trend for Lottery.com'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.

Lottery.com Debt-to-Equity Chart

Lottery.com Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
0.80 1.27 0.04 0.06 0.17

Lottery.com Quarterly Data
Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.09 0.08 0.09 0.17

Competitive Comparison of Lottery.com's Debt-to-Equity

For the Gambling subindustry, Lottery.com'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.


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

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

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



Lottery.com Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lottery.com's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Lottery.com's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Lottery.com  (NAS:LTRY) 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.


Lottery.com Debt-to-Equity Related Terms

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


Lottery.com (Lottery.com) Business Description

Traded in Other Exchanges
N/A
Address
20808 State Highway, 71 W, Unit B, Spicewood, TX, USA, 78669
Lottery.com Inc is a technology company that is transforming how, where, and when the lottery is played. Its engaging mobile and online platforms enable players and commercial partners located in the U.S. and internationally to remotely purchase legally sanctioned lottery games. It offers more than 800 lottery games from more than 40 countries. Additionally, through WinTogether.org, the firm is fundamentally changing how non-profit donors are incentivized to action by gasifying charitable giving. In all that its mission remains the same: an uncompromising passion to innovate, grow a new demographic of enthusiasts, deliver responsible and trusted solutions, and promote community and philanthropic initiatives.
Executives
Robert J Stubblefield officer: Chief Financial Officer C/O LOTTERY.COM, INC., 20808 STATE HWY 71 W, UNIT B, SPICEWOOD TX 78669
Ald Holdings Group, Llc 10 percent owner 10 FOSTER LANE, 3RD FLOOR, LONDON X0 EC2V 6HR
Woodford Eurasia Assets Ltd. 10 percent owner 10 FOSTER LANE, 3RD FLOOR, LONDON X0 EC2V 6HR
Mc Holdings Group, Llc 10 percent owner 10 FOSTER LANE, 3RD FLOOR, LONDON X0 EC2V 6HR
Mark John Gustavson officer: Chief Executive Officer 3/3 GREENE STREET, MILL VALLEY CA 94941
Thompson William C Jr director 6650 EL CAMINO ROAD, LAS VEGAS NV 89118
Kathryn S Lever officer: CLO & Secretary 20808 STATE HWY 71 W. UNIT B, SPICEWOOD TX 78669
Steven Michael Cohen director 35 EAST 62ND STREET, NEW YORK NM 10065
Richard Kivel director C/O REXAHN PHARMACEUTICALS, INC., 15245 SHADY GROVE ROAD, SUITE 455, ROCKVILLE MD 20850
Dimatteo Lawrence Anthony Iii director, 10 percent owner, officer: Chief Executive Officer 20808 STATE HWY 71 W. UNIT B, SPICEWOOD TX 78669
Lisa M. Borders director C/O J.P. MORGAN PRIVATE INVESTMENTS INC., 383 MADISON AVENUE, NEW YORK NY 10179
Joseph Kaminkow director 701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131
Ryan Dickinson officer: Acting CFO; COO, PRES & TREAS 20808 STATE HWY 71 W. UNIT B, SPICEWOOD TX 78669
Matthew Clemenson director, 10 percent owner, officer: Chief Commercial Officer 20808 STATE HWY 71 W. UNIT B, SPICEWOOD TX 78669
Glazer Capital, Llc 10 percent owner 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019