Gaming Innovation Group (OSL:GIG) Cash-to-Debt : 0.08 (As of Mar. 2024)

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What is Gaming Innovation Group 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. Gaming Innovation Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.08.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Gaming Innovation Group couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Gaming Innovation Group's Cash-to-Debt or its related term are showing as below:

OSL:GIG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.2 Max: No Debt
Current: 0.08

During the past 13 years, Gaming Innovation Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.20.

OSL:GIG's Cash-to-Debt is ranked worse than
82.84% of 816 companies
in the Travel & Leisure industry
Industry Median: 0.595 vs OSL:GIG: 0.08

Gaming Innovation Group Cash-to-Debt Historical Data

The historical data trend for Gaming Innovation Group'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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Gaming Innovation Group Cash-to-Debt Chart

Gaming Innovation Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

0.14

0.13

0.19

Gaming Innovation Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.17	0.12	0.12	0.19	0.08

Competitive Comparison of Gaming Innovation Group's Cash-to-Debt

For the Gambling subindustry, Gaming Innovation Group'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.

Gaming Innovation Group's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Gaming Innovation Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Gaming Innovation Group's Cash-to-Debt falls into.

Gaming Innovation Group 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.

Gaming Innovation Group's Cash to Debt Ratio for the fiscal year 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)
	=	178.166	/	(35.951	+	896.837)
	=	0.19

Gaming Innovation Group's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	68.033	/	(15.203	+	888.879)
	=	0.08

Gaming Innovation Group (OSL:GIG) 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.

Gaming Innovation Group Cash-to-Debt Related Terms

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Gaming Innovation Group (OSL:GIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gaming Innovation Group Inc (OSL:GIG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GIGo:Sweden GI11:Germany

Address

Golden Mile Business Centre, Triq Id-Dragunara, St Julian’s, MLT, 3148

Website

https://www.gig.com

Gaming Innovation Group Inc is an iGaming technology company, providing solutions, products and services to iGaming Operators. It operates iGamingCloud.com, a cloud-based platform as a software-as-a-service. It also offers business-to-consumer casino and sports betting services through its online gaming Websites and online performance marketing services. The company's vision is to be the industry leading platform and media provider delivering world class solutions to iGaming partners and their customers'. Its mission is to drive sustainable growth and profitability of partners through product innovation, scalable technology and quality of service.