Pointsbet Holdings (ASX:PBH) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Pointsbet Holdings Debt-to-Equity?

Pointsbet Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.9 Mil. Pointsbet Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2.1 Mil. Pointsbet Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$150.6 Mil. Pointsbet Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

ASX:PBH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.17
Current: 0.02

During the past 5 years, the highest Debt-to-Equity Ratio of Pointsbet Holdings was 0.17. The lowest was 0.00. And the median was 0.03.

ASX:PBH's Debt-to-Equity is ranked better than
95.66% of 691 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs ASX:PBH: 0.02

Pointsbet Holdings Debt-to-Equity Historical Data

The historical data trend for Pointsbet Holdings's Debt-to-Equity 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.

Pointsbet Holdings Debt-to-Equity Chart

Pointsbet Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.05

0.03

0.02

0.01

Pointsbet Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.01	0.02	0.03	0.01	0.02

Competitive Comparison of Pointsbet Holdings's Debt-to-Equity

For the Gambling subindustry, Pointsbet Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Pointsbet Holdings's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Pointsbet Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Pointsbet Holdings's Debt-to-Equity falls into.

Pointsbet Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pointsbet Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.34	+	2.251)	/	501.455
	=	0.01

Pointsbet Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.875	+	2.127)	/	150.61
	=	0.02

Pointsbet Holdings (ASX:PBH) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Pointsbet Holdings Debt-to-Equity Related Terms

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

Pointsbet Holdings (ASX:PBH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Pointsbet Holdings Ltd (ASX:PBH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PBTHF:USA

Address

165 Cremorne Street, Level 2, Cremorne, VIC, AUS, 3121

Website

https://www.pointsbet.com.au

Pointsbet Holdings Ltd is a licensed corporate bookmaker with operations in Australia and the United States. PointsBet has developed a scalable cloud-based wagering platform through which it offers its clients sports and racing wagering products. PointsBet's product offering includes Fixed Odds Sports, Fixed Odds Racing, PointsBetting and iGaming. The company had been appointed as an Official Sports Betting Partner of the NHL. Its reportable segments consist of Australian Trading, Technology and Canada Trading. The company derives revenue from the Australia segment which includes revenue from sports and race betting services provided to Australian customers.