Real Luck Group (TSXV:LUCK) Debt-to-Equity : 0.00 (As of Sep. 2023)

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What is Real Luck Group Debt-to-Equity?

Real Luck Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Real Luck Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Real Luck Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-2.54 Mil. Real Luck Group's debt to equity for the quarter that ended in Sep. 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 Real Luck Group's Debt-to-Equity or its related term are showing as below:

TSXV:LUCK' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.48 Med: 0 Max: 0.03
Current: -0.01

During the past 4 years, the highest Debt-to-Equity Ratio of Real Luck Group was 0.03. The lowest was -2.48. And the median was 0.00.

TSXV:LUCK's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.46 vs TSXV:LUCK: -0.01

Real Luck Group Debt-to-Equity Historical Data

The historical data trend for Real Luck 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.

Real Luck Group Debt-to-Equity Chart

Real Luck Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

-2.48

0.03

0.01

Real Luck Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial										-	-	-	0.01	-

Competitive Comparison of Real Luck Group's Debt-to-Equity

For the Gambling subindustry, Real Luck 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.

Real Luck Group's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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

Real Luck Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Real Luck 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
	=	(0.012	+	0.011)	/	5.816
	=	0.00

Real Luck Group's Debt to Equity Ratio for the quarter 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
	=	(0	+	0)	/	-2.542
	=	0.00

Real Luck Group (TSXV:LUCK) 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.

Real Luck Group Debt-to-Equity Related Terms

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Real Luck Group (TSXV:LUCK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Real Luck Group Ltd (TSXV:LUCK) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

LUKEF:USA

Address

350 7th Avenue SW, Suite 3400, Calgary, AB, CAN, T2P 3N9

Website

https://www.realluckgroup.com

Real Luck Group Ltd is a betting company that offers legal, real-money betting, live streams, and statistics on all esports and sports on desktop and mobile devices. The company has a Business-to-Consumer (B2C) platform, and by leveraging shared technology, data, and resources, the company offers an extensive range of betting options for esports tournaments and an in-house customized user interface and user experience, built on a technology stack that supports multiple odds and streaming sources, allows the company to deliver deep esports betting coverage.

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