Contagious Gaming (Contagious Gaming) Debt-to-Equity : -0.13 (As of Dec. 2023)

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What is Contagious Gaming Debt-to-Equity?

Contagious Gaming's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.22 Mil. Contagious Gaming's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Contagious Gaming's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-1.75 Mil. Contagious Gaming's debt to equity for the quarter that ended in Dec. 2023 was -0.13.

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

KSMRF' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.92 Med: -0.17 Max: 0.05
Current: -0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Contagious Gaming was 0.05. The lowest was -0.92. And the median was -0.17.

KSMRF's Debt-to-Equity is not ranked
in the Interactive Media industry.
Industry Median: 0.16 vs KSMRF: -0.13

Contagious Gaming Debt-to-Equity Historical Data

The historical data trend for Contagious Gaming'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.

Contagious Gaming Debt-to-Equity Chart

Contagious Gaming Annual Data

Trend

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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-0.35

-0.22

-0.21

-0.16

-0.13

Contagious Gaming Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-0.14	-0.13	-0.13	-0.13	-0.13

Competitive Comparison of Contagious Gaming's Debt-to-Equity

For the Electronic Gaming & Multimedia subindustry, Contagious Gaming'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.

Contagious Gaming's Debt-to-Equity Distribution in the Interactive Media Industry

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

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

Contagious Gaming Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Contagious Gaming'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
	=	(0.219	+	0)	/	-1.633
	=	-0.13

Contagious Gaming'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
	=	(0.224	+	0)	/	-1.752
	=	-0.13

Contagious Gaming (OTCPK:KSMRF) 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.

Contagious Gaming Debt-to-Equity Related Terms

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Contagious Gaming (Contagious Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Contagious Gaming Inc (OTCPK:KSMRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CNS:Canada

Address

800 West Pender Street, Suite 789, Vancouver, BC, CAN, V6C 1H2

Website

http://www.contagiousgaming.com

Contagious Gaming Inc is principally engaged in the development and production of video games software solutions, game application interface, payment systems interface, data feed handler, affiliate management, presentation layer, and lottery markets. It also provides Web-based, mobile content for the lottery, real money, and social gaming. The organization operates in Canada. The firm generates the majority of its revenues from Web-based, mobile content for the lottery, real money, and social gaming.

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