VIP Entertainment Technologies (TSXV:VIP) Debt-to-Equity : -0.26 (As of Dec. 2023)

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What is VIP Entertainment Technologies Debt-to-Equity?

VIP Entertainment Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.16 Mil. VIP Entertainment Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. VIP Entertainment Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.61 Mil. VIP Entertainment Technologies's debt to equity for the quarter that ended in Dec. 2023 was -0.26.

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

TSXV:VIP' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.26 Med: -0.26 Max: -0.26
Current: -0.26

During the past 5 years, the highest Debt-to-Equity Ratio of VIP Entertainment Technologies was -0.26. The lowest was -0.26. And the median was -0.26.

TSXV:VIP's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.46 vs TSXV:VIP: -0.26

VIP Entertainment Technologies Debt-to-Equity Historical Data

The historical data trend for VIP Entertainment Technologies'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.

VIP Entertainment Technologies Debt-to-Equity Chart

VIP Entertainment Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Dec23

Debt-to-Equity

-0.26

VIP Entertainment Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.06	N/A	-0.22	-0.17	-0.26

Competitive Comparison of VIP Entertainment Technologies's Debt-to-Equity

For the Gambling subindustry, VIP Entertainment Technologies'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.

VIP Entertainment Technologies's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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

VIP Entertainment Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

VIP Entertainment Technologies's Debt to Equity Ratio for the fiscal year 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
	=	(0.158	+	0)	/	-0.611
	=	-0.26

VIP Entertainment Technologies'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
	=	(0.158	+	0)	/	-0.611
	=	-0.26

VIP Entertainment Technologies (TSXV:VIP) 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.

VIP Entertainment Technologies Debt-to-Equity Related Terms

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VIP Entertainment Technologies (TSXV:VIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » VIP Entertainment Technologies Inc (TSXV:VIP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VETIF:USA

Address

500 - 4th Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 2V6

Website

https://www.vipentertaingroup.com

VIP Entertainment Technologies Inc is an entertainment and gaming company offering legal real-money betting on sports, casinos, poker, and esports events in online environments. The Company's principal business activity is the development of online poker and other sports betting products. It delivers sports betting, casino games, and poker through its VIP Bets platform.

VIP Entertainment Technologies (TSXV:VIP) Headlines

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