Simplicity Esports and Gaming Co (Simplicity Esports and Gaming Co) Cash-to-Debt : 0.01 (As of Feb. 2023)

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What is Simplicity Esports and Gaming Co 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. Simplicity Esports and Gaming Co's cash to debt ratio for the quarter that ended in Feb. 2023 was 0.01.

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, Simplicity Esports and Gaming Co couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2023.

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

WINR's Cash-to-Debt is not ranked ^*
in the Interactive Media industry.
Industry Median: 4.61
* Ranked among companies with meaningful Cash-to-Debt only.

Simplicity Esports and Gaming Co Cash-to-Debt Historical Data

The historical data trend for Simplicity Esports and Gaming Co'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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Simplicity Esports and Gaming Co Cash-to-Debt Chart

Simplicity Esports and Gaming Co Annual Data

Trend

May17

May18

May19

May20

May21

May22

Cash-to-Debt

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5.59

1.29

0.09

0.11

0.02

Simplicity Esports and Gaming Co Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Cash-to-Debt	Get a 7-Day Free Trial															0.07	0.02	0.02	0.01	0.01

Competitive Comparison of Simplicity Esports and Gaming Co's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, Simplicity Esports and Gaming Co'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.

Simplicity Esports and Gaming Co's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Simplicity Esports and Gaming Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Simplicity Esports and Gaming Co's Cash-to-Debt falls into.

Simplicity Esports and Gaming Co 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.

Simplicity Esports and Gaming Co's Cash to Debt Ratio for the fiscal year that ended in May. 2022 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)
	=	0.103	/	(2.17	+	2.707)
	=	0.02

Simplicity Esports and Gaming Co's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	0.029	/	(5.725	+	0.083)
	=	0.00

Simplicity Esports and Gaming Co (OTCPK:WINR) 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.

Simplicity Esports and Gaming Co Cash-to-Debt Related Terms

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Simplicity Esports and Gaming Co (Simplicity Esports and Gaming Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Simplicity Esports and Gaming Co (OTCPK:WINR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7000 W. Palmetto Park Road, Suite 505, Boca Raton, FL, USA, 33433

Website

https://www.ggsimplicity.com

Simplicity Esports and Gaming Co is a North American esports organization managing esports teams domestically and internationally. The company through its subsidiaries owns and manages professional esports teams competing in games such as Overwatch, Apex Legends, PUBG, and more. The company owns Corporate and Franchised Gaming Centers. The company reports in Four segments namely Franchise royalties and fees, which is the key revenue generator; Company-owned stores; Esports revenue; and Franchise deposit revenue.

Executives

Beatrice Tarka	director	800 WEST EL CAMINO REAL, SUITE 275, MOUNTAIN VIEW CA 94040
Roman Nehemiah Franklin	director, officer: President	1345 AVENUE OF THE AMERICAS, 2ND FLOOR, NEW YORK NY 10105
Herrmann William H Jr	director	PO BOX 6, BRYN ATHYN PA 19009
Jed Philip Kaplan	director, officer: CEO and Interim CFO	C/O SIMPLICITY ESPORTS AND GAMING CO., 7000 W PALMETTO PARK ROAD SUITE 210, BOCA RATON FL 33433
Edward L Jaroski	director	5847 SAN FELIPE, SUITE 4100, HOUSTON TX 77057
Nancy L. Hennessey	officer: Chief Financial Officer	7000, W. PALMETTO PARK RD, SUITE 505, BOCA RATON FL 33433
Laila Cavalcanti Loss	director	7000W PALMETTO PARK RD, SUITE 505, BOCA RATON FL 33433
Lau Knicks	officer: Chief Financial Officer	1980 FESTIVAL PLAZA DR., SUITE 750, LAS VEGAS NV 89135
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
K2 Principal Fund, L.p.	10 percent owner	2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
K2 Genpar 2017 Inc.	10 percent owner	2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
Steven Michael Grossman	officer: President of Subsidiary	C/O SIMPLICITY ESPORTS AND GAMING CO., 7000 W PALMETTO PARK ROAD SUITE 210, BOCA RATON FL 33433
Donald R Caldwell	director	5 RADNOR CORP CENTER STE 555, RADNOR PA 19087
Max Wayne Hooper	director	1345 AVE OF THE AMERICAS 2ND FL, NEW YORK NY 10105
Frank Leavy	director	1345 AVENUE OF THE AMERICAS, 2ND FLOOR, NEW YORK NY 10105