Gold Town Games AB (NGM:GTG) Debt-to-Equity : 0.97 (As of Mar. 2024)

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What is Gold Town Games AB Debt-to-Equity?

Gold Town Games AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr1.17 Mil. Gold Town Games AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr9.97 Mil. Gold Town Games AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr11.55 Mil. Gold Town Games AB's debt to equity for the quarter that ended in Mar. 2024 was 0.96.

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 Gold Town Games AB's Debt-to-Equity or its related term are showing as below:

NGM:GTG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.22 Max: 0.97
Current: 0.97

During the past 8 years, the highest Debt-to-Equity Ratio of Gold Town Games AB was 0.97. The lowest was 0.06. And the median was 0.22.

NGM:GTG's Debt-to-Equity is ranked worse than
87.8% of 418 companies
in the Interactive Media industry
Industry Median: 0.16 vs NGM:GTG: 0.97

Gold Town Games AB Debt-to-Equity Historical Data

The historical data trend for Gold Town Games AB'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.

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Gold Town Games AB Debt-to-Equity Chart

Gold Town Games AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.22

0.19

0.29

0.18

0.32

Gold Town Games AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.32	0.34	0.38	0.40	0.97

Competitive Comparison of Gold Town Games AB's Debt-to-Equity

For the Electronic Gaming & Multimedia subindustry, Gold Town Games AB'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.

Gold Town Games AB's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Gold Town Games AB's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Gold Town Games AB's Debt-to-Equity falls into.

Gold Town Games AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gold Town Games AB's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.62	+	11.044)	/	36.833
	=	0.32

Gold Town Games AB's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(1.174	+	9.968)	/	11.55
	=	0.96

Gold Town Games AB (NGM:GTG) 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.

Gold Town Games AB Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Gold Town Games AB's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Gold Town Games AB (NGM:GTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Gold Town Games AB (NGM:GTG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Storgatan 53, Skelleftea, SWE, 931 30

Website

http://www.goldtowngames.com

Gold Town Games AB is a mobile games company. The company is engaged in the development, marketing and sales of mobile games, as well as carry out related activities. It has developed a hockey manager game for mobile platforms.

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