ESE Entertainment (TSXV:ESE) Cash-to-Debt : 0.42 (As of Jan. 2024)

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What is ESE 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. ESE Entertainment's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.42.

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, ESE Entertainment couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSXV:ESE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.72 Max: No Debt
Current: 0.42

During the past 5 years, ESE Entertainment's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 0.72.

TSXV:ESE's Cash-to-Debt is ranked worse than
67.8% of 1031 companies
in the Media - Diversified industry
Industry Median: 1.27 vs TSXV:ESE: 0.42

ESE Entertainment Cash-to-Debt Historical Data

The historical data trend for ESE 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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ESE Entertainment Cash-to-Debt Chart

ESE Entertainment Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

No Debt

24.25

0.17

0.64

ESE Entertainment Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial												0.33	0.09	0.06	0.64	0.42

Competitive Comparison of ESE Entertainment's Cash-to-Debt

For the Entertainment subindustry, ESE 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.

ESE Entertainment's Cash-to-Debt Distribution in the Media - Diversified Industry

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

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

ESE 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.

ESE Entertainment's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	2.125	/	(3.302	+	0)
	=	0.64

ESE Entertainment's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	1.34	/	(3.163	+	0)
	=	0.42

ESE Entertainment (TSXV:ESE) 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.

ESE Entertainment Cash-to-Debt Related Terms

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ESE Entertainment (TSXV:ESE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » ESE Entertainment Inc (TSXV:ESE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ENTEF:USA

Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.esegaming.com

ESE Entertainment Inc is a entertainment and technology company focused on gaming and e-sports. The company provides a range of services to video game developers, publishers, and brands by providing technology, infrastructure, and fan engagement services internationally. It also operates ecommerce channels, e-sports teams, and gaming leagues. The firm has four industry segments such as Digital Media and Entertainment, Advanced Simulation Racing Infrastructure, Technology, and Support, Telecommunications and call center services and Corporate.

Executives