BetMakers Technology Group (BetMakers Technology Group) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is BetMakers Technology Group Debt-to-Equity?

BetMakers Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.99 Mil. BetMakers Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.46 Mil. BetMakers Technology Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $92.59 Mil. BetMakers Technology Group's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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 BetMakers Technology Group's Debt-to-Equity or its related term are showing as below:

TPBTF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.03
Current: 0.03

During the past 8 years, the highest Debt-to-Equity Ratio of BetMakers Technology Group was 0.03. The lowest was 0.01. And the median was 0.02.

TPBTF's Debt-to-Equity is ranked better than
92.63% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs TPBTF: 0.03

BetMakers Technology Group Debt-to-Equity Historical Data

The historical data trend for BetMakers Technology Group'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.

BetMakers Technology Group Debt-to-Equity Chart

BetMakers Technology Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.01

0.03

BetMakers Technology Group Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												0.02	0.03	0.03	0.03	0.03

Competitive Comparison of BetMakers Technology Group's Debt-to-Equity

For the Gambling subindustry, BetMakers Technology Group'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.

BetMakers Technology Group's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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

BetMakers Technology Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BetMakers Technology Group'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
	=	(0.94	+	2.22)	/	101.071
	=	0.03

BetMakers Technology Group'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
	=	(0.987	+	1.455)	/	92.586
	=	0.03

BetMakers Technology Group (OTCPK:TPBTF) 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.

BetMakers Technology Group Debt-to-Equity Related Terms

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BetMakers Technology Group (BetMakers Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » BetMakers Technology Group Ltd (OTCPK:TPBTF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BET:Australia

Address

189 Flinders Lane, Level 4, Melbourne, VIC, AUS, 3000

Website

http://www.thebetmakers.com

BetMakers Technology Group Ltd engages in the development and provision of data and analytic products. The firm operates in three segments: Global racing network, Global betting services, and Global Tote. The Global racing network segment assists racing bodies and rights holders in producing and distributing race content including services such as barrier technology, official price calculation, vision, and pricing distribution. The Global betting services segment which derives the majority of revenue provides a variety of racing data and analytical tools consisting of basic race data such as pricing, runners, and form, analytical tools. The Global Tote segment includes the provision of tote software and integrations to facilitate tote liquidity and results.

BetMakers Technology Group (BetMakers Technology Group) Headlines

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