NetEnt AB (OSTO:NET IL B.PFD) Debt-to-Equity : 1.99 (As of Sep. 2020)

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What is NetEnt AB Debt-to-Equity?

NetEnt AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was kr302.91 Mil. NetEnt AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was kr1,852.76 Mil. NetEnt AB's Total Stockholders Equity for the quarter that ended in Sep. 2020 was kr1,081.13 Mil. NetEnt AB's debt to equity for the quarter that ended in Sep. 2020 was 1.99.

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

OSTO:NET IL B.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 2.25 Max: 3.36
Current: 1.99

During the past 13 years, the highest Debt-to-Equity Ratio of NetEnt AB was 3.36. The lowest was 0.01. And the median was 2.25.

OSTO:NET IL B.PFD's Debt-to-Equity is not ranked
in the Interactive Media industry.
Industry Median: 0.14 vs OSTO:NET IL B.PFD: 1.99

NetEnt AB Debt-to-Equity Historical Data

The historical data trend for NetEnt AB'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.

NetEnt AB Debt-to-Equity Chart

NetEnt AB Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Debt-to-Equity

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2.57

NetEnt AB Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Debt-to-Equity	Get a 7-Day Free Trial															3.36	2.57	2.59	2.50	1.99

Competitive Comparison of NetEnt AB's Debt-to-Equity

For the Electronic Gaming & Multimedia subindustry, NetEnt AB'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.

NetEnt AB's Debt-to-Equity Distribution in the Interactive Media Industry

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

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

NetEnt AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NetEnt AB's Debt to Equity Ratio for the fiscal year that ended in Dec. 2019 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
	=	(300.773	+	2153.022)	/	956.679
	=	2.56

NetEnt AB's Debt to Equity Ratio for the quarter that ended in Sep. 2020 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
	=	(302.913	+	1852.758)	/	1081.127
	=	1.99

NetEnt AB (OSTO:NET IL B.PFD) 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.

NetEnt AB Debt-to-Equity Related Terms

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NetEnt AB (OSTO:NET IL B.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NetEnt AB (OSTO:NET IL B.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Vasagatan 16, Stockholm, SWE, SE-111 20

Website

http://www.netent.com

NetEnt AB is a Swedish company that is involved in the entertainment business and primarily develops and sells casino systems and game applications. The company's gaming portfolio comprises various game categories, including video slots, the firm's most popular category; branded games; live casino; table games; video poker; lottery and other; mini games; and pooled jackpot games. NetEnt and its customers, which are casino operators, work according to a partnership model where gaming operators pay a monthly license fee to NetEnt calculated as a percentage of the game win generated by NetEnt's games. Outside Sweden, the firm has expanded across Europe, namely in Spain and the United Kingdom, as well as New Jersey in the United States.

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