Good Gamer Entertainment (TSXV:GOOD) Debt-to-Equity : -0.18 (As of Dec. 2023)

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What is Good Gamer Entertainment Debt-to-Equity?

Good Gamer Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.07 Mil. Good Gamer Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Good Gamer Entertainment's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.39 Mil. Good Gamer Entertainment's debt to equity for the quarter that ended in Dec. 2023 was -0.18.

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 Good Gamer Entertainment's Debt-to-Equity or its related term are showing as below:

TSXV:GOOD' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.18 Med: 0 Max: 0.62
Current: -0.18

During the past 4 years, the highest Debt-to-Equity Ratio of Good Gamer Entertainment was 0.62. The lowest was -0.18. And the median was 0.00.

TSXV:GOOD's Debt-to-Equity is not ranked
in the Interactive Media industry.
Industry Median: 0.16 vs TSXV:GOOD: -0.18

Good Gamer Entertainment Debt-to-Equity Historical Data

The historical data trend for Good Gamer Entertainment'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.

Good Gamer Entertainment Debt-to-Equity Chart

Good Gamer Entertainment Annual Data

Trend

Dec20

Dec21

Mar22

Mar23

Debt-to-Equity

0.03

0.62

Good Gamer Entertainment Quarterly Data
	Sep20	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.01	-	0.62	-0.11	-0.18

Competitive Comparison of Good Gamer Entertainment's Debt-to-Equity

For the Electronic Gaming & Multimedia subindustry, Good Gamer Entertainment'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.

Good Gamer Entertainment's Debt-to-Equity Distribution in the Interactive Media Industry

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

* The bar in red indicates where Good Gamer Entertainment's Debt-to-Equity falls into.

Good Gamer Entertainment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Good Gamer Entertainment'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
	=	(0.018	+	0)	/	0.029
	=	0.62

Good Gamer Entertainment'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
	=	(0.072	+	0)	/	-0.394
	=	-0.18

Good Gamer Entertainment (TSXV:GOOD) 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.

Good Gamer Entertainment Debt-to-Equity Related Terms

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Good Gamer Entertainment (TSXV:GOOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Good Gamer Entertainment Inc (TSXV:GOOD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GGAMF:USA

Address

700 W Pender Streets, Suite 1290, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.goodgamer.ca

Good Gamer Entertainment Inc operates an online play-to-earn game discovery and entertainment platform in Canada and the United States. offers a premium real-money skill-based gaming tournament management platform that offers a win-win for gamers and developers. The Company will have the following reportable segments: display advertisements, non-fungible tokens (NFTs), search monetization, chrome extensions, corporate and development, tournament management platform (TMP), PlayCash, and Fantasy app. The majority of its revenue generates from the NFT segment. It also offers gamers the opportunity to play their favorite mobile games and win real cash prizes. Geographically it operates in USA and India.