GGL (Games Global) Debt-to-Equity: 0.02 (As of Dec. 2023)

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What is Games Global Debt-to-Equity?

Games Global GGL Debt-to-Equity is 0.02 as of Dec. 2023.

Games Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.56 Mil. Games Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.68 Mil. Games Global's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $357.47 Mil. Games Global's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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 Games Global's Debt-to-Equity or its related term are showing as below:

GGL's Debt-to-Equity is not ranked *
in the Interactive Media industry.
Industry Median: 0.135
* Ranked among companies with meaningful Debt-to-Equity only.

Games Global  (NYSE:GGL) 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.

Games Global Debt-to-Equity Related Terms

Games Global Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Games Global'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.

Games Global Debt-to-Equity Chart

Games Global Annual Data
Trend Mar21 Mar22 Mar23
Debt-to-Equity
0.00 0.00 0.03

Games Global Quarterly Data
Mar22 Dec22 Mar23 Dec23
Debt-to-Equity 0.00 N/A 0.03 0.02

GGL vs : Debt-to-Equity Comparison

For the Electronic Gaming & Multimedia subindustry, Games Global'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.

Games Global Debt-to-Equity vs Interactive Media Industry

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

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


Games Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Games Global'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
=(1.325 + 5.988) / 283.266
=0.03

Games Global's Debt to Equity Ratio for the quarter 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
=(1.563 + 4.682) / 357.471
=0.02

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.02 mean?
Games Global (GGL) has a Debt-to-Equity of 0.02 as of Dec. 2023. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Games Global and its competitors.
Is Games Global's Debt-to-Equity too high?
Games Global's current Debt-to-Equity is 0.02. The Interactive Media industry median Debt-to-Equity is 0.14. Games Global's value of 0.02 is 85.2% below this industry median.
How does Games Global's Debt-to-Equity compare to ?
Games Global's Debt-to-Equity of 0.02 can be compared against companies in the Interactive Media industry. The industry median Debt-to-Equity is 0.14. Games Global's value of 0.02 is 85.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Interactive Media company?
The median Debt-to-Equity among Interactive Media companies is 0.14, based on 412 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Games Global's current Debt-to-Equity of 0.02 is 85.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Games Global and its competitors. For the Interactive Media industry, the median Debt-to-Equity is 0.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Games Global's current Debt-to-Equity is 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Games Global stock overvalued right now?
Games Global (GGL) has a current Debt-to-Equity of 0.02. The current Debt-to-Equity is 0.02 and 85.2% below the Interactive Media industry median of 0.14. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Games Global (GGL), the current Debt-to-Equity is 0.02 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Games Global Business Description

Comparable Companies
Address 62 Circular Road, Douglas, IMN, IM1 1LA
Games Global Ltd is a company that primarily works on developing, holding, and exploiting gaming-related intellectual property, as well as creating casino-style gaming content and business-to-business solutions for iGaming operators in regulated markets around the world, based on the size of its studio network.