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Take-Two Interactive Software (NAS:TTWO) Debt-to-Equity

: 0.39 (As of Jun. 2023)
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Take-Two Interactive Software's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $433 Mil. Take-Two Interactive Software's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $3,059 Mil. Take-Two Interactive Software's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $8,940 Mil. Take-Two Interactive Software's debt to equity for the quarter that ended in Jun. 2023 was 0.39.

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 Take-Two Interactive Software's Debt-to-Equity or its related term are showing as below:

TTWO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.32   Max: 0.95
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of Take-Two Interactive Software was 0.95. The lowest was 0.00. And the median was 0.32.

TTWO's Debt-to-Equity is ranked worse than
71.8% of 383 companies
in the Interactive Media industry
Industry Median: 0.15 vs TTWO: 0.39

Take-Two Interactive Software Debt-to-Equity Historical Data

The historical data trend for Take-Two Interactive Software'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.

Take-Two Interactive Software Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.07 0.06 0.07 0.39

Take-Two Interactive Software Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Debt-to-Equity 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 Premium Member Only Premium Member Only Premium Member Only 0.38 0.39 0.37 0.39 0.39
Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, Take-Two Interactive Software'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.

   
Take-Two Interactive Software Debt-to-Equity Distribution

For the Interactive Media industry and Communication Services sector, Take-Two Interactive Software's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Take-Two Interactive Software's Debt-to-Equity falls in comparison to its industry or sector. The grey bar indicates the Debt-to-Equity's extreme value range as defined by GuruFocus.


Take-Two Interactive Software Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Take-Two Interactive Software's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
=(1407 + 2080) / 9042.5
=0.39

Take-Two Interactive Software'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
=(432.7 + 3059.4) / 8940.2
=0.39

* 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.

Take-Two Interactive Software  (NAS:TTWO) 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.

Take-Two Interactive Software Debt-to-Equity Related Terms

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

Take-Two Interactive Software (NAS:TTWO) Business Description

Take-Two Interactive Software logo
Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Take-Two Interactive Software Inc (NAS:TTWO) » Definitions » Debt-to-Equity
Comparable Companies
NYSE:RBLX NAS:EA NAS:BILI NAS:PLTK NAS:GRVY NAS:GDEV NAS:SCPL NAS:DDI NAS:MYPS NAS:SOHU NAS:ATVI NAS:NTES TSE:7974 TSE:3659 TSE:9697 TSE:9766 SZSE:002555 SZSE:300418 XKRX:259960 HKSE:03888
Traded in Other Exchanges
TTWO:Mexico TKE:Germany TKE:Germany TKE:Germany T1TW34:Brazil TTWO:Austria
Address
110 West 44th Street, New York, NY, USA, 10036
Website
https://www.take2games.com
Found in 1993, Take-Two consists of three wholly owned labels, Rockstar Games, 2K, and Zynga. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by "Grand Theft Auto" (345 million units sold) and contains other well-known titles such as "NBA 2K," "Civilization," "Borderlands," "Bioshock," and "Xcom." Zynga mobile titles include "Farmville," "Empires & Puzzles," and "CSR Racing.
Executives
William B Gordon director
Ellen F Siminoff director 555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Roland A Hernandez director 300 NORTH SAN RAFAEL AVE, PASADENA CA 91105
Paul E Viera director C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 110 WEST 44TH STREET, NEW YORK NY 10036
Laverne Evans Srinivasan director C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10012
Daniel P Emerson officer: General Counsel 622 BROADWAY, NEW YORK NY 10012
Susan Tolson director C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10019
Benjamim Feder officer: Chief Executive Officer C/O ZELNICKMEDIA CORPORATION, 650 5TH AVENUE, NEW YORK NY 10019
Karl Slatoff officer: Executive Vice President C/O ZELNICKMEDIA CORPORATION, 19 WEST 44TH STREET, 18TH FLOOR, NEW YORK NY 10036
Brett Icahn director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
James Larry Nelson director 2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109
Sunghwan Cho director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Strauss Zelnick director, officer: Executive Chairman C/O ZELNICKMEDIA, 650 FIFTH AVE 31ST FLOOR, NEW YORK NY 10019
Lainie Goldstein officer: Chief Financial Officer C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10012
Seth D Krauss officer: Exec VP and General Counsel C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 222 BROADWAY, NEW YORK NY 10012