FL Entertainment NV (XAMS:FLE) Debt-to-Equity : 93.28 (As of Dec. 2023)

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What is FL Entertainment NV Debt-to-Equity?

FL Entertainment NV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €400 Mil. FL Entertainment NV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2,678 Mil. FL Entertainment NV's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €33 Mil. FL Entertainment NV's debt to equity for the quarter that ended in Dec. 2023 was 93.28.

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

XAMS:FLE' s Debt-to-Equity Range Over the Past 10 Years
Min: 5.46 Med: 61.45 Max: 240.28
Current: 93.28

During the past 6 years, the highest Debt-to-Equity Ratio of FL Entertainment NV was 240.28. The lowest was 5.46. And the median was 61.45.

XAMS:FLE's Debt-to-Equity is ranked worse than
99.88% of 844 companies
in the Media - Diversified industry
Industry Median: 0.285 vs XAMS:FLE: 93.28

FL Entertainment NV Debt-to-Equity Historical Data

The historical data trend for FL Entertainment NV'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.

FL Entertainment NV Debt-to-Equity Chart

FL Entertainment NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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6.17

29.61

96.12

240.28

93.28

FL Entertainment NV Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							240.28	187.31	-24.15	-149.32	93.28

Competitive Comparison of FL Entertainment NV's Debt-to-Equity

For the Entertainment subindustry, FL Entertainment NV'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.

FL Entertainment NV's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, FL Entertainment NV's Debt-to-Equity distribution charts can be found below:

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

FL Entertainment NV Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FL Entertainment NV'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
	=	(400.1	+	2678)	/	33
	=	93.28

FL Entertainment NV'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
	=	(400.1	+	2678)	/	33
	=	93.28

FL Entertainment NV (XAMS:FLE) 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.

FL Entertainment NV Debt-to-Equity Related Terms

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FL Entertainment NV (XAMS:FLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » FL Entertainment NV (XAMS:FLE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

W320:Germany

Address

5 Rue Francois 1er, Paris, ITA, 75008

Website

https://www.flentertainment.com

FL Entertainment NV is an independent content production and fastest-growing online sports betting platform in Europe through its Banijay and Betclic Everest Group businesses. Banijay produces both scripted and non-scripted content across all genres, including reality shows, entertainment and talk shows, game shows, factual entertainment, documentary, drama, animation and comedy. Betclic Everest Group operates an online sports betting platform in Europe.

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