Bragg Gaming Group (TSX:BRAG) Debt-to-Equity : 0.14 (As of Dec. 2024)

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What is Bragg Gaming Group Debt-to-Equity?

Bragg Gaming Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$11.1 Mil. Bragg Gaming Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$4.2 Mil. Bragg Gaming Group's Total Stockholders Equity for the quarter that ended in Dec. 2024 was C$109.6 Mil. Bragg Gaming Group's debt to equity for the quarter that ended in Dec. 2024 was 0.14.

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

TSX:BRAG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 3.86
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Bragg Gaming Group was 3.86. The lowest was 0.01. And the median was 0.11.

TSX:BRAG's Debt-to-Equity is ranked better than
77.49% of 684 companies
in the Travel & Leisure industry
Industry Median: 0.43 vs TSX:BRAG: 0.14

Bragg Gaming Group Debt-to-Equity Historical Data

The historical data trend for Bragg Gaming 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.

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Bragg Gaming Group Debt-to-Equity Chart

Bragg Gaming Group Annual Data

Trend

Jan15

Jan16

Jan17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.02

0.01

0.11

0.08

0.14

Bragg Gaming Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.08	0.07	0.15	0.13	0.14

Competitive Comparison of Bragg Gaming Group's Debt-to-Equity

For the Gambling subindustry, Bragg Gaming 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.

Bragg Gaming Group's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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

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Bragg Gaming Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bragg Gaming Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(11.131	+	4.2)	/	109.648
	=	0.14

Bragg Gaming Group's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(11.131	+	4.2)	/	109.648
	=	0.14

Bragg Gaming Group (TSX:BRAG) 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.

Bragg Gaming Group Debt-to-Equity Related Terms

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

Bragg Gaming Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Bragg Gaming Group Inc (TSX:BRAG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BRAG:USA SL4:Germany

Address

130 King Street West, Suite 1955, Exchange Tower, Toronto, ON, CAN, M5X 1E3

Website

https://www.bragg.games

Bragg Gaming Group Inc is predominantly a B2B online gaming technology platform and casino content aggregator. The Company's proprietary studios offer high-performing, data-driven casino gaming titles from in-house brands Wild Streak, Spin, Atomic Slot Lab, Indigo Magic and Oryx Gaming. It offers a full range of games including slot games, table games, card games, video bingo, scratch card games, virtual sports, and live dealer games which are featured on the company's PAM platform and also available for use on other gaming platforms offered by third parties. Geographically, the company generates a majority of its revenue from the Netherlands and the rest from Curacao, Malta, United States, Croatia, and other regions.

Executives

Tommaso Di Chio	Senior Officer
Robert Jeffrey Bressler	Senior Officer
Holly Marie Gagnon Aydar	Director
Mark Anthony Clayton	Director
Donald Christopher Robertson	Director
Matevz Mazij	Senior Officer
Richard John Carter	Director, Senior Officer
Yaniv Spielberg	Senior Officer