AGAEW (Allied Gaming & Entertainment) Debt-to-Equity : 0.46 (As of Jun. 2024)

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What is Allied Gaming & Entertainment Debt-to-Equity?

Allied Gaming & Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $30.62 Mil. Allied Gaming & Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $4.82 Mil. Allied Gaming & Entertainment's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $77.66 Mil. Allied Gaming & Entertainment's debt to equity for the quarter that ended in Jun. 2024 was 0.46.

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

AGAEW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.16 Max: 5.21
Current: 0.46

During the past 7 years, the highest Debt-to-Equity Ratio of Allied Gaming & Entertainment was 5.21. The lowest was 0.00. And the median was 0.16.

AGAEW's Debt-to-Equity is ranked worse than
61.43% of 840 companies
in the Media - Diversified industry
Industry Median: 0.28 vs AGAEW: 0.46

Allied Gaming & Entertainment Debt-to-Equity Historical Data

The historical data trend for Allied Gaming & 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.

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Allied Gaming & Entertainment Debt-to-Equity Chart

Allied Gaming & Entertainment Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.31

0.15

0.09

0.20

Allied Gaming & Entertainment Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.09	0.09	0.20	0.26	0.46

Competitive Comparison of Allied Gaming & Entertainment's Debt-to-Equity

For the Entertainment subindustry, Allied Gaming & 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.

Allied Gaming & Entertainment's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Allied Gaming & Entertainment's Debt-to-Equity distribution charts can be found below:

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

Allied Gaming & Entertainment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Allied Gaming & Entertainment'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
	=	(10.713	+	5.56)	/	82.75
	=	0.20

Allied Gaming & Entertainment's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(30.622	+	4.817)	/	77.661
	=	0.46

Allied Gaming & Entertainment (OTCPK:AGAEW) 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.

Allied Gaming & Entertainment Debt-to-Equity Related Terms

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Allied Gaming & Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Allied Gaming & Entertainment Inc (OTCPK:AGAEW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AGAE:USA 2AA:Germany

Address

745 Fifth Avenue, Suite 500, New York, NY, USA, 10151

Website

https://www.alliedgaming.gg

Allied Gaming & Entertainment Inc is an experiential entertainment company focused on providing a growing world of gamers with various experiences through renowned assets, products, and services.