BRAG (Bragg Gaming Group) Debt-to-EBITDA : 0.59 (As of Sep. 2024)

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What is Bragg Gaming Group Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Bragg Gaming Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $8.0 Mil. Bragg Gaming Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2.4 Mil. Bragg Gaming Group's annualized EBITDA for the quarter that ended in Sep. 2024 was $17.6 Mil. Bragg Gaming Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 0.59.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Bragg Gaming Group's Debt-to-EBITDA or its related term are showing as below:

BRAG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.38 Med: -0.14 Max: 0.98
Current: 0.76

During the past 13 years, the highest Debt-to-EBITDA Ratio of Bragg Gaming Group was 0.98. The lowest was -0.38. And the median was -0.14.

BRAG's Debt-to-EBITDA is ranked better than
80.52% of 621 companies
in the Travel & Leisure industry
Industry Median: 2.99 vs BRAG: 0.76

Bragg Gaming Group Debt-to-EBITDA Historical Data

The historical data trend for Bragg Gaming Group's Debt-to-EBITDA 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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Bragg Gaming Group Debt-to-EBITDA Chart

Bragg Gaming Group Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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-0.14

-0.08

-0.37

0.98

0.27

Bragg Gaming Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-EBITDA	Get a 7-Day Free Trial															0.97	0.26	0.45	0.96	0.59

Competitive Comparison of Bragg Gaming Group's Debt-to-EBITDA

For the Gambling subindustry, Bragg Gaming Group's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.

Bragg Gaming Group's Debt-to-EBITDA Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Bragg Gaming Group's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Bragg Gaming Group's Debt-to-EBITDA falls into.

Bragg Gaming Group Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Bragg Gaming Group's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.773	+	2.8)	/	13.477
	=	0.27

Bragg Gaming Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(8.01	+	2.434)	/	17.648
	=	0.59

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Sep. 2024) EBITDA data.

Bragg Gaming Group (NAS:BRAG) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Bragg Gaming Group Debt-to-EBITDA Related Terms

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

Bragg Gaming Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Bragg Gaming Group Inc (NAS:BRAG) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

SL4A:Germany SL4:Germany BRAG:Canada

Address

130 King Street West, Suite 1955, Exchange Tower, Toronto, ON, CAN, M5X 1E3

Website

https://www.bragg.games

Bragg Gaming Group Inc is predominantly a B2B online gaming technology platform and casino content aggregator. The Company's proprietary studios offer high-performing, data-driven casino gaming titles from in-house brands Wild Streak, Spin, Atomic Slot Lab, Indigo Magic and Oryx Gaming. It offers a full range of games including slot games, table games, card games, video bingo, scratch card games, virtual sports, and live dealer games which are featured on the company's PAM platform and also available for use on other gaming platforms offered by third parties. Geographically, the company generates a majority of its revenue from the Netherlands and the rest from Curacao, Malta, United States, Croatia, and other regions.