FUNFF (Fansunite Entertainment) Debt-to-Equity : 0.00 (As of Jun. 2024)

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What is Fansunite Entertainment Debt-to-Equity?

Fansunite Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil. Fansunite Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil. Fansunite Entertainment's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $19.46 Mil. Fansunite Entertainment's debt to equity for the quarter that ended in Jun. 2024 was 0.00.

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

FUNFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.21
Current: 0.1

During the past 6 years, the highest Debt-to-Equity Ratio of Fansunite Entertainment was 0.21. The lowest was 0.00. And the median was 0.01.

FUNFF's Debt-to-Equity is ranked better than
82.22% of 686 companies
in the Travel & Leisure industry
Industry Median: 0.43 vs FUNFF: 0.10

Fansunite Entertainment Debt-to-Equity Historical Data

The historical data trend for Fansunite 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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Fansunite Entertainment Debt-to-Equity Chart

Fansunite Entertainment Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.20

0.10

Fansunite Entertainment Quarterly Data
	Jun19	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															0.08	0.08	0.10	0.10	-

Competitive Comparison of Fansunite Entertainment's Debt-to-Equity

For the Gambling subindustry, Fansunite 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.

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

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

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

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Fansunite Entertainment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fansunite 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
	=	(2.133	+	0.022)	/	22.495
	=	0.10

Fansunite 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
	=	(0	+	0)	/	19.463
	=	0.00

Fansunite Entertainment (OTCPK:FUNFF) 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.

Fansunite Entertainment Debt-to-Equity Related Terms

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Fansunite Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fansunite Entertainment Inc (OTCPK:FUNFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

780 Beatty Street, Suite 303, Vancouver, BC, CAN, V6B 2M1

Website

https://www.fansunite.com

Fansunite Entertainment Inc is a sports and entertainment company that focuses on focusing on technology related to regulated and lawful online gaming in sports, esports and casino. Also, the company provides technology solutions and services in the global gaming and entertainment industries.