KeyStar (KeyStar) Debt-to-Equity : -12.06 (As of Mar. 2024)

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What is KeyStar Debt-to-Equity?

KeyStar's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $5.58 Mil. KeyStar's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.62 Mil. KeyStar's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-0.51 Mil. KeyStar's debt to equity for the quarter that ended in Mar. 2024 was -12.06.

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

KEYR' s Debt-to-Equity Range Over the Past 10 Years
Min: -25 Med: -1.89 Max: 6.43
Current: -12.06

During the past 4 years, the highest Debt-to-Equity Ratio of KeyStar was 6.43. The lowest was -25.00. And the median was -1.89.

KEYR's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.46 vs KEYR: -12.06

KeyStar Debt-to-Equity Historical Data

The historical data trend for KeyStar'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.

KeyStar Debt-to-Equity Chart

KeyStar Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

6.43

-25.00

-0.43

-16.62

KeyStar Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											-1.37	-16.62	-2.60	1.04	-12.06

Competitive Comparison of KeyStar's Debt-to-Equity

For the Gambling subindustry, KeyStar'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.

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

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

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

KeyStar Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

KeyStar's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(6.348	+	0.85)	/	-0.433
	=	-16.62

KeyStar's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(5.58	+	0.621)	/	-0.514
	=	-12.06

KeyStar (OTCPK:KEYR) 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.

KeyStar Debt-to-Equity Related Terms

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

KeyStar (KeyStar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » KeyStar Corp (OTCPK:KEYR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

78 SW 7th Street, Suite 800, Miami, FL, USA, 33130

Website

https://keystarcorp.com

KeyStar Corp owns and operates ZenSports, a mobile gaming platform for consumers that offers a traditional sports book, peer-to-peer sports betting, and wagering in fiat and cryptocurrencies.

Executives

Zensports, Inc.	10 percent owner	78 SW 7TH STREET, SUITE 800, MIAMI FL 33130
Mark Anthony Thomas	10 percent owner	78 SW 7TH STREET, SUITE 800, MIAMI FL 33130
Zixiao Chen	director, 10 percent owner, officer: CFO and Treasurer	4616 W. SAHARA AVE., SUITE 256, LAS VEGAS NV 89103
Steven J Lane	director, 10 percent owner, officer: President and CEO	9620 LAS VEGAS BLVD. S, STE E4-98, LAS VEGAS NV 89123

KeyStar (KeyStar) Headlines

From GuruFocus

KeyStar Corp. Closes $2.9M+ Round of Funding

By ACCESSWIRE ACCESSWIRE • 05-11-2023

KeyStar Corp. Opens New Round of Funding

By ACCESSWIRE • 07-24-2023

ZenSports Launches Sports Betting App in Tennessee

By ACCESSWIRE ACCESSWIRE • 06-08-2023

KeyStar Corp. Receives Tennessee Sports Betting License

By ACCESSWIRE ACCESSWIRE • 05-25-2023

KeyStar Corp. CEO Mark Thomas to Move Into Consulting Role; Bruce Cassidy Becomes Interim CEO

By ACCESSWIRE • 10-31-2023