Codere Online Luxembourg (Codere Online Luxembourg) Debt-to-Equity : 0.11 (As of Jun. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Codere Online Luxembourg Debt-to-Equity?

Codere Online Luxembourg's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $2.6 Mil. Codere Online Luxembourg's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.0 Mil. Codere Online Luxembourg's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $23.3 Mil. Codere Online Luxembourg's debt to equity for the quarter that ended in Jun. 2023 was 0.11.

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 Codere Online Luxembourg's Debt-to-Equity or its related term are showing as below:

CDRO' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.64 Med: 0.04 Max: 0.2
Current: 0.11

During the past 5 years, the highest Debt-to-Equity Ratio of Codere Online Luxembourg was 0.20. The lowest was -1.64. And the median was 0.04.

CDRO's Debt-to-Equity is ranked better than
80.38% of 688 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs CDRO: 0.11

Codere Online Luxembourg Debt-to-Equity Historical Data

The historical data trend for Codere Online Luxembourg'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.

Codere Online Luxembourg Debt-to-Equity Chart

Codere Online Luxembourg Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

-2.05

-1.64

-0.98

0.04

0.20

Codere Online Luxembourg Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial			-0.14	0.04	0.08	0.20	0.11

Competitive Comparison of Codere Online Luxembourg's Debt-to-Equity

For the Gambling subindustry, Codere Online Luxembourg'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.

Codere Online Luxembourg's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Codere Online Luxembourg's Debt-to-Equity falls into.

Codere Online Luxembourg Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Codere Online Luxembourg'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
	=	(4.495	+	0.752)	/	25.85
	=	0.20

Codere Online Luxembourg'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
	=	(2.593	+	0)	/	23.314
	=	0.11

Codere Online Luxembourg (NAS:CDRO) 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.

Codere Online Luxembourg Debt-to-Equity Related Terms

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

Codere Online Luxembourg (Codere Online Luxembourg) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Codere Online Luxembourg SA (NAS:CDRO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CDRO:Mexico

Address

7 rue Robert Stumper, Luxembourg, LUX, L-2557

Website

http://www.codereonline.com

Codere Online Luxembourg SA is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. It currently operates in Spain, Italy, Mexico, Colombia, Panama and in the City of Buenos Aires where it offers its users the ability to play online casino games and bet on sports events. Online casino offerings include the full portfolio of games typically available in land-based casinos, gaming halls and gambling establishments, such as slot machines, table games and bingo. Online sports betting involves a user placing a wager on an event at some fixed odds determined by Codere Online. If the user wins, it pays out the bet. If the user loses, it keeps the amount wagered.

Codere Online Luxembourg (Codere Online Luxembourg) Headlines

From GuruFocus

Codere Online Begins Operations in the City of Buenos Aires

By GlobeNewswire GlobeNewswire • 12-09-2021

Codere Online Begins Operations in the City of Buenos Aires

By GuruFocusNews GuruFocusNews • 12-09-2021