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Good Gamer Entertainment (Good Gamer Entertainment) Equity-to-Asset : -1.32 (As of Dec. 2023)


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What is Good Gamer Entertainment Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Good Gamer Entertainment's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.29 Mil. Good Gamer Entertainment's Total Assets for the quarter that ended in Dec. 2023 was $0.22 Mil. Therefore, Good Gamer Entertainment's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -1.32.

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

GGAMF' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.32   Med: 0.67   Max: 0.81
Current: -1.32

During the past 4 years, the highest Equity to Asset Ratio of Good Gamer Entertainment was 0.81. The lowest was -1.32. And the median was 0.67.

GGAMF's Equity-to-Asset is ranked worse than
95.97% of 596 companies
in the Interactive Media industry
Industry Median: 0.64 vs GGAMF: -1.32

Good Gamer Entertainment Equity-to-Asset Historical Data

The historical data trend for Good Gamer Entertainment'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.

* Premium members only.

Good Gamer Entertainment Equity-to-Asset Chart

Good Gamer Entertainment Annual Data
Trend Dec20 Dec21 Mar22 Mar23
Equity-to-Asset
0.73 0.81 0.80 0.05

Good Gamer Entertainment Quarterly Data
Sep20 Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 0.55 0.05 -0.98 -1.32

Competitive Comparison of Good Gamer Entertainment's Equity-to-Asset

For the Electronic Gaming & Multimedia subindustry, Good Gamer Entertainment'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.


Good Gamer Entertainment's Equity-to-Asset Distribution in the Interactive Media Industry

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

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



Good Gamer Entertainment 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.

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

Equity to Asset (A: Mar. 2023 )=Total Stockholders Equity/Total Assets
=0.021/0.436
=0.05

Good Gamer Entertainment's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=-0.294/0.222
=-1.32

* 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.


Good Gamer Entertainment  (OTCPK:GGAMF) Equity-to-Asset Explanation

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%.


Good Gamer Entertainment Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Good Gamer Entertainment's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Good Gamer Entertainment (Good Gamer Entertainment) Business Description

Traded in Other Exchanges
Address
700 W Pender Streets, Suite 1290, Vancouver, BC, CAN, V6B 2Z4
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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