International Speedway (International Speedway) Debt-to-Equity : 0.15 (As of Aug. 2019)

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What is International Speedway Debt-to-Equity?

International Speedway's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2019 was $4.6 Mil. International Speedway's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2019 was $250.5 Mil. International Speedway's Total Stockholders Equity for the quarter that ended in Aug. 2019 was $1,666.6 Mil. International Speedway's debt to equity for the quarter that ended in Aug. 2019 was 0.15.

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 International Speedway's Debt-to-Equity or its related term are showing as below:

ISCB's Debt-to-Equity is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 0.47
* Ranked among companies with meaningful Debt-to-Equity only.

International Speedway Debt-to-Equity Historical Data

The historical data trend for International Speedway'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.

International Speedway Debt-to-Equity Chart

International Speedway Annual Data

Trend

Nov09

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Debt-to-Equity

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0.20

0.19

0.18

0.16

International Speedway Quarterly Data
	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19
Debt-to-Equity	Get a 7-Day Free Trial															0.16	0.16	0.15	0.16	0.15

Competitive Comparison of International Speedway's Debt-to-Equity

For the Leisure subindustry, International Speedway'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.

International Speedway's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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

International Speedway Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

International Speedway's Debt to Equity Ratio for the fiscal year that ended in Nov. 2018 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
	=	(4.284	+	251.381)	/	1635.958
	=	0.16

International Speedway's Debt to Equity Ratio for the quarter that ended in Aug. 2019 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
	=	(4.644	+	250.477)	/	1666.555
	=	0.15

International Speedway (OTCPK:ISCB) 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.

International Speedway Debt-to-Equity Related Terms

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International Speedway (International Speedway) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » International Speedway Corp (OTCPK:ISCB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Daytona Boulevard, Daytona Beach, FL, USA, 32114

Website

http://www.internationalspeedwaycorporation.com

International Speedway operates 13 motorsports stadiums that host more than 100 motorsports events during the racing season, including the famed Daytona 500 and Talladega Superspeedway races. The company has built a casino at its Kansas Speedway in a joint venture with Penn National Gaming. International Speedway is majority-owned by the France family, which also owns privately held NASCAR. About 70% of revenue comes from the motorsports segment, which includes lucrative broadcasting rights.