Enthusiast Gaming Holdings (Enthusiast Gaming Holdings) Cash-to-Debt : 0.17 (As of Sep. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Enthusiast Gaming Holdings 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. Enthusiast Gaming Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.17.

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, Enthusiast Gaming Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

EGLXF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.72 Max: No Debt
Current: 0.17

During the past 5 years, Enthusiast Gaming Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was 0.72.

EGLXF's Cash-to-Debt is ranked worse than
89.61% of 587 companies
in the Interactive Media industry
Industry Median: 4.63 vs EGLXF: 0.17

Enthusiast Gaming Holdings Cash-to-Debt Historical Data

The historical data trend for Enthusiast Gaming Holdings'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.

* Premium members only.

Enthusiast Gaming Holdings Cash-to-Debt Chart

Enthusiast Gaming Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

No Debt

0.51

0.11

1.78

0.38

Enthusiast Gaming Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.75	0.38	0.19	0.17	0.17

Competitive Comparison of Enthusiast Gaming Holdings's Cash-to-Debt

For the Internet Content & Information subindustry, Enthusiast Gaming Holdings'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.

Enthusiast Gaming Holdings's Cash-to-Debt Distribution in the Interactive Media Industry

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

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

Enthusiast Gaming Holdings 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.

Enthusiast Gaming Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	5.551	/	(13.482	+	1.195)
	=	0.38

Enthusiast Gaming Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	2.112	/	(3.783	+	8.437)
	=	0.17

Enthusiast Gaming Holdings (OTCPK:EGLXF) 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.

Enthusiast Gaming Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Enthusiast Gaming Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Enthusiast Gaming Holdings (Enthusiast Gaming Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Enthusiast Gaming Holdings Inc (OTCPK:EGLXF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

2AV:Germany EGLX:Canada

Address

90 Eglinton Avenue East, Suite 805, Toronto, ON, CAN, M4P 2Y3

Website

https://www.enthusiastgaming.com

Enthusiast Gaming Holdings Inc is a gaming company building a media platform for video games and esports fans to connect and engage worldwide. Reaching over 300 million gamers every month, the company is a member of the Comscore 100 ranking of the top Internet Properties in the U.S. and the largest in the Gaming Information category on mobile devices. Combining the elements of its four core pillars; Media, Talent, Esports and Experiential, Enthusiast Gaming provides an engagement opportunity resulting in more points of connection than any other video game and esports platform, with unparalleled access to the influential and lucrative GenZ and Millennial audience. It has one segment which is digital media and entertainment. It generates a majority of its revenue from Media and content.