Golden Matrix Group (Golden Matrix Group) Debt-to-Equity

: 0.01 (As of Jan. 2024)

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Golden Matrix Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.08 Mil. Golden Matrix Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.26 Mil. Golden Matrix Group's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $32.15 Mil. Golden Matrix Group's debt to equity for the quarter that ended in Jan. 2024 was 0.01.

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

GMGI' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.8 Med: -0.41 Max: 2.32
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Golden Matrix Group was 2.32. The lowest was -2.80. And the median was -0.41.

GMGI's Debt-to-Equity is ranked better than
99.76% of 421 companies
in the Interactive Media industry
Industry Median: 0.16 vs GMGI: 0.01

Golden Matrix Group Debt-to-Equity Historical Data

The historical data trend for Golden Matrix 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.

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Golden Matrix Group Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jan21

Oct22

Oct23

Debt-to-Equity

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-0.41

1.32

0.01

Golden Matrix Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	-	-	-	0.01

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, Golden Matrix 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.

Golden Matrix Group Debt-to-Equity Distribution

For the Interactive Media industry and Communication Services sector, Golden Matrix Group's Debt-to-Equity distribution charts can be found below:

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

Golden Matrix Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golden Matrix Group's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(0.059	+	0)	/	31.103
	=	0.00

Golden Matrix Group's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(0.081	+	0.257)	/	32.147
	=	0.01

Golden Matrix Group (NAS:GMGI) 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.

Golden Matrix Group Debt-to-Equity Related Terms

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Golden Matrix Group (Golden Matrix Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Golden Matrix Group Inc (NAS:GMGI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3651 Lindell Road, Suite D131, Las Vegas, NV, USA, 89103

Website

https://www.goldenmatrix.com

Golden Matrix Group Inc is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers, located in the Asia Pacific region. The company operates in two reportable segments; B2B and B2C. The B2C segment earns majority revenue. The company operates in UK, Asia Pacific and Latin America. It offers configurable and scalable iGaming platforms and operate some of the industry's iconic brands, including MexPlay, R Kings Competitions and GM-AG.

Executives

Philip Moyes	director	54 KINGS WHARF, QUAY 27, QUEENSWAY J1 GX11 1AA
Thomas Mcchesney	director	PO BOX 2910, TACOMA WA 98401-2910
Omar Jimenez	officer: CFO & Chief Compliance Officer	C/O MONAKER GROUP INC., 2690 WESTON ROAD, SUITE 200, WESTON FL 33331
Aaron Richard Johnston	director	3851 LINDELL RD, STE D131, LAS VEGAS NV 89103
Murray George Smith	director	11920 SOUTHERN HIGHLANDS PARKWAY,, SUITE 200, LAS VEGAS NV 89141
Luxor Capital Llc	10 percent owner	3651 LINDELL RD STE D131, LAS VEGAS NV 89103
Anthony Brian Goodman	director, 10 percent owner, officer: CEO	3651 LINDELL RD STE D131, LAS VEGAS NV 89103
Weiting Feng	director, officer: CFO	3651 LINDELL RD STE D131, LAS VEGAS NV 89103