Betsson AB (Betsson AB) Debt-to-Equity

: 0.24 (As of Dec. 2023)

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Betsson AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $11 Mil. Betsson AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $190 Mil. Betsson AB's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $840 Mil. Betsson AB's debt to equity for the quarter that ended in Dec. 2023 was 0.24.

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 Betsson AB's Debt-to-Equity or its related term are showing as below:

BTSBF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.24 Max: 0.45
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Betsson AB was 0.45. The lowest was 0.17. And the median was 0.24.

BTSBF's Debt-to-Equity is ranked better than
68.31% of 688 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs BTSBF: 0.24

Betsson AB Debt-to-Equity Historical Data

The historical data trend for Betsson AB'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.

Betsson AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.22

0.25

0.21

0.18

0.24

Betsson AB 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															0.18	0.17	0.16	0.24	0.24

Competitive Comparison

For the Gambling subindustry, Betsson AB'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.

Betsson AB Debt-to-Equity Distribution

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

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

Betsson AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Betsson AB's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(10.578	+	190.294)	/	839.695
	=	0.24

Betsson AB's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(10.578	+	190.294)	/	839.695
	=	0.24

Betsson AB (GREY:BTSBF) 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.

Betsson AB Debt-to-Equity Related Terms

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Betsson AB (Betsson AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Betsson AB (GREY:BTSBF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BETS B:Sweden V72:Germany

Address

Regeringsgatan 28, Stockholm, SWE, 111 53

Website

https://www.betssonab.com

Betsson AB is a holding company that invests in and manages companies operating in the online gaming industry. The products consist of casino and sports betting. The largest category of the casino is slots, i.e. virtual slot machines, followed by the live casino, which provides the player with a virtual, real-life-like casino experience with table games broadcast live from the game provider's studio. Company's approximately 20 brands include either the entire product portfolio, such as Betsson, Betsafe and Nordicbet, or just one product, such as Racebets (betting on horses) and Jalla Casino (casino). The brands' services are offered through the proprietary platform that manages payments, customer information, accounts, transactions and a range of games on offer.

Betsson AB (Betsson AB) Headlines

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