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Accel Entertainment (Accel Entertainment) Debt-to-Equity : 2.74 (As of Dec. 2023)


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What is Accel Entertainment Debt-to-Equity?

Accel Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $28 Mil. Accel Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $514 Mil. Accel Entertainment's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $198 Mil. Accel Entertainment's debt to equity for the quarter that ended in Dec. 2023 was 2.73.

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

ACEL' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.13   Med: 2.66   Max: 3.04
Current: 2.74

During the past 7 years, the highest Debt-to-Equity Ratio of Accel Entertainment was 3.04. The lowest was -8.13. And the median was 2.66.

ACEL's Debt-to-Equity is ranked worse than
87.5% of 688 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs ACEL: 2.74

Accel Entertainment Debt-to-Equity Historical Data

The historical data trend for Accel Entertainment'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.

Accel Entertainment Debt-to-Equity Chart

Accel Entertainment Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial -8.13 2.66 2.16 3.04 2.74

Accel Entertainment Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.04 2.95 2.75 2.58 2.74

Competitive Comparison of Accel Entertainment's Debt-to-Equity

For the Gambling subindustry, Accel Entertainment'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.


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

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

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



Accel Entertainment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Accel Entertainment's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

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

* 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.


Accel Entertainment  (NYSE:ACEL) 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.


Accel Entertainment Debt-to-Equity Related Terms

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


Accel Entertainment (Accel Entertainment) Business Description

Traded in Other Exchanges
N/A
Address
140 Tower Drive, Burr Ridge, Chicago, IL, USA, 60527
Accel Entertainment Inc is a distributed gaming operator in the United States. It is engaged in the installation, maintenance, and operation of video gaming terminals. The company offers products to restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. It operates slot machines and amusement equipment. The company generates a majority of its revenue from net gaming. Net gaming revenue represents net cash received from gaming activities, which is the difference between gaming wins and losses. Net gaming revenue includes the amounts earned by location partners and is recognized at the time of gaming play.
Executives
David W. Ruttenberg director 140 TOWER DRIVE, BURR RIDGE IL 60527
Karl Mr. Peterson director, officer: President & CEO 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Derek Harmer officer: Secretary 140 TOWER DRIVE, BURR RIDGE IL 60527
Andrew H. Rubenstein director, officer: CEO, President 140 TOWER DRIVE, BURR RIDGE IL 60527
Gordon Rubenstein director 140 TOWER DRIVE, BURR RIDGE IL 60527
Christen Kozlik officer: Chief Accounting Officer 140 TOWER DR., BURR RIDGE IL 60527
Mathew Scot Ellis officer: Chief Financial Officer C/O ACCEL ENTERTAINMENT, INC., 140 TOWER DR., BURR RIDGE IL 60527
Brian M. Carroll officer: Chief Financial Officer 140 TOWER DRIVE, BURR RIDGE IL 60527
Dee M Robinson director 140 TOWER DRIVE, BURR RIDGE IL 60527
Michael Joseph Marino officer: Chief Commerical Officer 140 TOWER DRIVE, BURR RIDGE IL 60527
Ryan Hammer officer: President, Gaming Operations 140 TOWER DRIVE, BURR RIDGE IL 60527
Clairvest Group Inc 10 percent owner 22 ST. CLAIRE AVE., SUITE 1700 M4T 253, TORONTO ONTARIO
Brian Sampias officer: Controller 140 TOWER DRIVE, BURR RIDGE IL 60527
Eden Godsoe director 140 TOWER DRIVE, BURR RIDGE IL 60527
Kenneth Rotman director C/O CLAIRVEST GROUP INC, 22 ST. CLAIR AVENUE EAST, SUITE 1700, TORONTO A6 M4T 2S3