Playtech (Playtech) Debt-to-Equity : 0.41 (As of Dec. 2023)

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What is Playtech Debt-to-Equity?

Playtech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $27 Mil. Playtech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $772 Mil. Playtech's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,970 Mil. Playtech's debt to equity for the quarter that ended in Dec. 2023 was 0.41.

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

PYTCY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.42 Max: 1.41
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Playtech was 1.41. The lowest was 0.28. And the median was 0.42.

PYTCY's Debt-to-Equity is ranked better than
53.78% of 688 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs PYTCY: 0.41

Playtech Debt-to-Equity Historical Data

The historical data trend for Playtech'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.

Playtech Debt-to-Equity Chart

Playtech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.84

1.41

0.72

0.37

0.41

Playtech Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.72	0.66	0.37	0.57	0.41

Competitive Comparison of Playtech's Debt-to-Equity

For the Gambling subindustry, Playtech'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.

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

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

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

Playtech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Playtech'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
	=	(27.154	+	772.083)	/	1969.684
	=	0.41

Playtech'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
	=	(27.154	+	772.083)	/	1969.684
	=	0.41

Playtech (OTCPK:PYTCY) 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.

Playtech Debt-to-Equity Related Terms

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

Playtech (Playtech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Playtech PLC (OTCPK:PYTCY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PTECl:UK PTEC:UK

Address

Upper Church Street, Ground Floor, St George’s Court, Douglas, IMN, IM1 1EE

Website

https://www.playtech.com

Playtech PLC specializes in gambling software for various online gambling networks that include online casinos, online bingo, mobile gaming, and online sports betting. The company's open platform software allows customers to build and market casino games that include blackjack, baccarat, slots, and roulette. The company's business segments are gaming B2B and gaming B2C. Gaming B2B is the division that operates casinos, services, sports, bingo, poker, and other B2B gambling. The segment gaming B2C controls Snaitech, Sun Bingo, and other B2C gambling. The company is based on the Isle of Man and generates the majority of its revenue from Italy and the United Kingdom.