X1 Entertainment Group (XCNQ:XONE) Debt-to-Equity : -1.75 (As of Feb. 2024)

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What is X1 Entertainment Group Debt-to-Equity?

X1 Entertainment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.47 Mil. X1 Entertainment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. X1 Entertainment Group's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$-0.27 Mil. X1 Entertainment Group's debt to equity for the quarter that ended in Feb. 2024 was -1.75.

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 X1 Entertainment Group's Debt-to-Equity or its related term are showing as below:

XCNQ:XONE' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.75 Med: -0.56 Max: 0.02
Current: -1.75

During the past 2 years, the highest Debt-to-Equity Ratio of X1 Entertainment Group was 0.02. The lowest was -1.75. And the median was -0.56.

XCNQ:XONE's Debt-to-Equity is not ranked
in the Media - Diversified industry.
Industry Median: 0.28 vs XCNQ:XONE: -1.75

X1 Entertainment Group Debt-to-Equity Historical Data

The historical data trend for X1 Entertainment Group'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.

X1 Entertainment Group Debt-to-Equity Chart

X1 Entertainment Group Annual Data

Trend

Aug22

Aug23

Debt-to-Equity

0.02

-0.27

X1 Entertainment Group Quarterly Data
	May21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial						-1.13	-0.37	-0.27	-0.74	-1.75

Competitive Comparison of X1 Entertainment Group's Debt-to-Equity

For the Entertainment subindustry, X1 Entertainment Group'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.

X1 Entertainment Group's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, X1 Entertainment Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where X1 Entertainment Group's Debt-to-Equity falls into.

X1 Entertainment Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

X1 Entertainment Group's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(0.143	+	0)	/	-0.53
	=	-0.27

X1 Entertainment Group's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(0.466	+	0)	/	-0.267
	=	-1.75

X1 Entertainment Group (XCNQ:XONE) 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.

X1 Entertainment Group Debt-to-Equity Related Terms

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X1 Entertainment Group (XCNQ:XONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » X1 Entertainment Group Inc (XCNQ:XONE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

QN9:Germany

Address

615-800 West Pender Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.x1ent.com

X1 Entertainment Group Inc is an esports portfolio company that owns and operates an esports franchise, RixGG. The business of the company is the competitive playing of video games by teams for cash prizes, and operations ancillary to such competition, such as merchandising and the hosting of tournaments. It engages in the acquisition and development of esports teams and digital content creation which is considered one business segment.