Ten Entertainment Group (LSE:TEG) Debt-to-Equity : 3.09 (As of Jun. 2023)

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What is Ten Entertainment Group Debt-to-Equity?

Ten Entertainment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £9.4 Mil. Ten Entertainment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £197.5 Mil. Ten Entertainment Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was £67.0 Mil. Ten Entertainment Group's debt to equity for the quarter that ended in Jun. 2023 was 3.09.

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 Ten Entertainment Group's Debt-to-Equity or its related term are showing as below:

LSE:TEG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 3.24 Max: 14.77
Current: 3.09

During the past 7 years, the highest Debt-to-Equity Ratio of Ten Entertainment Group was 14.77. The lowest was 0.19. And the median was 3.24.

LSE:TEG's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.47 vs LSE:TEG: 3.09

Ten Entertainment Group Debt-to-Equity Historical Data

The historical data trend for Ten Entertainment Group'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.

Ten Entertainment Group Debt-to-Equity Chart

Ten Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.29

0.25

6.88

6.15

3.39

Ten Entertainment Group Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial										10.18	6.15	3.95	3.39	3.09

Competitive Comparison of Ten Entertainment Group's Debt-to-Equity

For the Leisure subindustry, Ten Entertainment Group'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.

Ten Entertainment Group's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Ten Entertainment Group's Debt-to-Equity falls into.

Ten Entertainment Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ten Entertainment Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(10.448	+	189.954)	/	59.144
	=	3.39

Ten Entertainment Group's Debt to Equity Ratio for the quarter 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
	=	(9.413	+	197.507)	/	66.987
	=	3.09

Ten Entertainment Group (LSE:TEG) 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.

Ten Entertainment Group Debt-to-Equity Related Terms

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

Ten Entertainment Group (LSE:TEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ten Entertainment Group PLC (LSE:TEG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TEGl:UK 6YA:Germany

Address

Aragon House, University Way, Cranfield Technology Park, Cranfield, Bedford, GBR, MK43 0EQ

Website

https://www.tegplc.co.uk

Ten Entertainment Group PLC is a United Kingdom-based operator of family entertainment centers. Its entertainment options include amusement machines, table tennis, pool tables, Houdini's Escape Rooms, soft play, and laser games. These centers are located in retail and leisure parks. The company operates in two segments: Tenpin Limited and Central. All of the company revenue comes from Tenpin Limited, which is a bowling operator in the United Kingdom.

Ten Entertainment Group (LSE:TEG) Headlines

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