Devolver Digital (LSE:DEVO) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Devolver Digital Debt-to-Equity?

Devolver Digital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.12 Mil. Devolver Digital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.69 Mil. Devolver Digital's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £124.91 Mil. Devolver Digital's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

LSE:DEVO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.01
Current: 0.01

During the past 7 years, the highest Debt-to-Equity Ratio of Devolver Digital was 0.01. The lowest was 0.00. And the median was 0.01.

LSE:DEVO's Debt-to-Equity is ranked better than
99.77% of 426 companies
in the Interactive Media industry
Industry Median: 0.15 vs LSE:DEVO: 0.01

Devolver Digital Debt-to-Equity Historical Data

The historical data trend for Devolver Digital'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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Devolver Digital Debt-to-Equity Chart

Devolver Digital Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Devolver Digital Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					-	-	-	-	0.01

Competitive Comparison of Devolver Digital's Debt-to-Equity

For the Electronic Gaming & Multimedia subindustry, Devolver Digital'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.

Devolver Digital's Debt-to-Equity Distribution in the Interactive Media Industry

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

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

Devolver Digital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Devolver Digital'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
	=	(0.122	+	0.69)	/	124.913
	=	0.01

Devolver Digital'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
	=	(0.122	+	0.69)	/	124.913
	=	0.01

Devolver Digital (LSE:DEVO) 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.

Devolver Digital Debt-to-Equity Related Terms

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Devolver Digital (LSE:DEVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Devolver Digital Inc (LSE:DEVO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

8CO:Germany

Address

251 Little Falls Drive, Wilmington, New Castle County, DE, USA, 19808

Website

https://www.devolverdigital.com

Devolver Digital Inc is engaged in the business of gaming. Some of its games include Cut the Lamb, Shadow Warrior 3, Terra Nil, Death's Door, Boomerang X, Wizard with Gun, Loop Hero, Olija, and Serious Sam 4.

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