Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Galaxy Gaming's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-18.24 Mil. Galaxy Gaming's Total Assets for the quarter that ended in Dec. 2023 was $40.48 Mil.
Therefore, Galaxy Gaming's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.45.
The historical rank and industry rank for Galaxy Gaming's Equity-to-Asset or its related term are showing as below:
GLXZ'
s Equity-to-Asset Range Over the Past 10 Years
Min: -1.2 Med: -0.17 Max: 0.35
Current: -0.45
During the past 13 years, the highest Equity to Asset Ratio of Galaxy Gaming was 0.35. The lowest was -1.20. And the median was -0.17.
GLXZ's Equity-to-Asset is ranked worse than 96.55% of 840
companies
in the Travel & Leisure industry
Industry Median: 0.48
vs GLXZ: -0.45
Galaxy Gaming Equity-to-Asset Historical Data
The historical data trend for Galaxy Gaming's Equity-to-Asset 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.
Competitive Comparison of Galaxy Gaming's Equity-to-Asset
For the Gambling subindustry, Galaxy Gaming's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Galaxy Gaming's Equity-to-Asset Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Galaxy Gaming's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Galaxy Gaming's Equity-to-Asset falls into.
Galaxy Gaming Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Galaxy Gaming's Equity to Asset Ratio for the fiscal year 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.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Galaxy Gaming Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Galaxy Gaming's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Galaxy Gaming (Galaxy Gaming) Business Description
Galaxy Gaming Inc develops, acquires, assembles, and markets technology and entertainment-based products and services for the gaming industry for placement on casino floors and on legal internet gaming sites. Its products and services are related to licensed casino operators' table game activities and focus on either increasing profitability, productivity, and security or expanding gaming entertainment offerings in the form of proprietary table games, electronically enhanced table game platforms, and fully automated electronic tables and other ancillary equipment. In addition, it licenses intellectual property to legal internet gaming operators. Its products are assembled at headquarters in Las Vegas, Nevada, as well as outsourced for certain sub-assemblies in the United States.
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