Enthusiast Gaming Holdings (FRA:2AV) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2023)

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What is Enthusiast Gaming Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Enthusiast Gaming Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.04.

Enthusiast Gaming Holdings's long-term debt to total assets ratio declined from Sep. 2022 (0.05) to Sep. 2023 (0.04). It may suggest that Enthusiast Gaming Holdings is progressively becoming less dependent on debt to grow their business.

Enthusiast Gaming Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Enthusiast Gaming Holdings's LT-Debt-to-Total-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.

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Enthusiast Gaming Holdings LT-Debt-to-Total-Asset Chart

Enthusiast Gaming Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.16

0.13

0.03

0.01

Enthusiast Gaming Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.01	0.04	0.04	0.04

Enthusiast Gaming Holdings LT-Debt-to-Total-Asset Calculation

Enthusiast Gaming Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	1.128	/	237.26
	=	0.00

Enthusiast Gaming Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	7.905	/	186.058
	=	0.04

Enthusiast Gaming Holdings (FRA:2AV) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Enthusiast Gaming Holdings LT-Debt-to-Total-Asset Related Terms

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Enthusiast Gaming Holdings (FRA:2AV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Enthusiast Gaming Holdings Inc (FRA:2AV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

EGLXF:USA 2AV:Germany EGLX:Canada

Address

90 Eglinton Avenue East, Suite 805, Toronto, ON, CAN, M4P 2Y3

Website

https://www.enthusiastgaming.com

Enthusiast Gaming Holdings Inc is a gaming company building a media platform for video games and esports fans to connect and engage worldwide. Reaching over 300 million gamers every month, the company is a member of the Comscore 100 ranking of the top Internet Properties in the U.S. and the largest in the Gaming Information category on mobile devices. Combining the elements of its four core pillars; Media, Talent, Esports and Experiential, Enthusiast Gaming provides an engagement opportunity resulting in more points of connection than any other video game and esports platform, with unparalleled access to the influential and lucrative GenZ and Millennial audience. It has one segment which is digital media and entertainment. It generates a majority of its revenue from Media and content.

Enthusiast Gaming Holdings (FRA:2AV) Headlines

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