Good Gamer Entertainment (Good Gamer Entertainment) Cash-to-Debt : 2.56 (As of Dec. 2023)

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What is Good Gamer Entertainment Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Good Gamer Entertainment's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.56.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Good Gamer Entertainment could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Good Gamer Entertainment's Cash-to-Debt or its related term are showing as below:

GGAMF' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.57 Med: 27.78 Max: No Debt
Current: 2.57

During the past 4 years, Good Gamer Entertainment's highest Cash to Debt Ratio was No Debt. The lowest was 2.57. And the median was 27.78.

GGAMF's Cash-to-Debt is ranked worse than
58.36% of 586 companies
in the Interactive Media industry
Industry Median: 4.6 vs GGAMF: 2.57

Good Gamer Entertainment Cash-to-Debt Historical Data

The historical data trend for Good Gamer Entertainment's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Good Gamer Entertainment Cash-to-Debt Chart

Good Gamer Entertainment Annual Data

Trend

Dec20

Dec21

Mar22

Mar23

Cash-to-Debt

13.84

443.75

312.50

28.08

Good Gamer Entertainment Quarterly Data
	Sep20	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					176.50	No Debt	28.08	8.05	2.56

Competitive Comparison of Good Gamer Entertainment's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, Good Gamer Entertainment's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Good Gamer Entertainment's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Good Gamer Entertainment's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Good Gamer Entertainment's Cash-to-Debt falls into.

Good Gamer Entertainment Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Good Gamer Entertainment's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.365	/	(0.013	+	0)
	=	28.08

Good Gamer Entertainment's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.138	/	(0.054	+	0)
	=	2.56

Good Gamer Entertainment (OTCPK:GGAMF) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Good Gamer Entertainment Cash-to-Debt Related Terms

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Good Gamer Entertainment (Good Gamer Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Good Gamer Entertainment Inc (OTCPK:GGAMF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GOOD:Canada

Address

700 W Pender Streets, Suite 1290, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.goodgamer.ca

Good Gamer Entertainment Inc operates an online play-to-earn game discovery and entertainment platform in Canada and the United States. offers a premium real-money skill-based gaming tournament management platform that offers a win-win for gamers and developers. The Company will have the following reportable segments: display advertisements, non-fungible tokens (NFTs), search monetization, chrome extensions, corporate and development, tournament management platform (TMP), PlayCash, and Fantasy app. The majority of its revenue generates from the NFT segment. It also offers gamers the opportunity to play their favorite mobile games and win real cash prizes. Geographically it operates in USA and India.

Good Gamer Entertainment (Good Gamer Entertainment) Headlines

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