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Century Casinos (FRA:CNT) Debt-to-Equity : 17.96 (As of Sep. 2024)


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What is Century Casinos Debt-to-Equity?

Century Casinos's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €8.4 Mil. Century Casinos's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €910.7 Mil. Century Casinos's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €51.2 Mil. Century Casinos's debt to equity for the quarter that ended in Sep. 2024 was 17.96.

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

FRA:CNT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29   Med: 1.88   Max: 17.96
Current: 17.96

During the past 13 years, the highest Debt-to-Equity Ratio of Century Casinos was 17.96. The lowest was 0.29. And the median was 1.88.

FRA:CNT's Debt-to-Equity is ranked worse than
99.27% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.44 vs FRA:CNT: 17.96

Century Casinos Debt-to-Equity Historical Data

The historical data trend for Century Casinos'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.

Century Casinos Debt-to-Equity Chart

Century Casinos Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.08 4.23 3.49 4.62 8.41

Century Casinos Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial 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 7.89 8.41 9.54 15.76 17.96

Competitive Comparison of Century Casinos's Debt-to-Equity

For the Resorts & Casinos subindustry, Century Casinos'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.


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

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

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



Century Casinos Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Century Casinos's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Century Casinos's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


Century Casinos  (FRA:CNT) 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.


Century Casinos Debt-to-Equity Related Terms

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Century Casinos Business Description

Traded in Other Exchanges
Address
455 East Pikes Peak Avenue, Suite 210, Colorado Springs, CO, USA, 80903
Century Casinos Inc is a casino entertainment company that develops and operates gaming establishments as well as related lodging, restaurant, horse racing (including off-track betting), and entertainment facilities in North America. The company has three reportable segments based on the geographical locations in which its casinos operate; United States; Century Casino & Hotel-Central City, and Century Casino & Hotel-Cripple Creek in Colorado, Mountaineer Casino, Racetrack & Resort in West Virginia, and Century Casino Caruthersville, and Century Casino Cape Girardeau in Missouri, Canada; Century Casino & Hotel, Century Casino St. Albert, Century Mile Racetrack in Edmonton and Casino Century Downs Racetrack and Casino in Calgary, and Poland; Casinos Poland.

Century Casinos Headlines

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