Champion Gaming Group (TSXV:WAGR) Debt-to-Equity : -0.46 (As of Sep. 2023)

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What is Champion Gaming Group Debt-to-Equity?

Champion Gaming Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$2.30 Mil. Champion Gaming Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.28 Mil. Champion Gaming Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-5.57 Mil. Champion Gaming Group's debt to equity for the quarter that ended in Sep. 2023 was -0.46.

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

TSXV:WAGR' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.05 Med: -0.46 Max: -0.32
Current: -0.46

During the past 3 years, the highest Debt-to-Equity Ratio of Champion Gaming Group was -0.32. The lowest was -2.05. And the median was -0.46.

TSXV:WAGR's Debt-to-Equity is not ranked
in the Interactive Media industry.
Industry Median: 0.16 vs TSXV:WAGR: -0.46

Champion Gaming Group Debt-to-Equity Historical Data

The historical data trend for Champion 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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Champion Gaming Group Debt-to-Equity Chart

Champion Gaming Group Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

-2.05

-0.42

Champion Gaming Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial							-0.46	-0.42	-0.46	-0.46	-0.46

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

For the Electronic Gaming & Multimedia subindustry, Champion 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.

Champion Gaming Group's Debt-to-Equity Distribution in the Interactive Media Industry

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

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

Champion Gaming Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Champion Gaming Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.737	+	1.198)	/	-4.574
	=	-0.42

Champion Gaming Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(2.3	+	0.276)	/	-5.566
	=	-0.46

Champion Gaming Group (TSXV:WAGR) 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.

Champion Gaming Group Debt-to-Equity Related Terms

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Champion Gaming Group (TSXV:WAGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Champion Gaming Group Inc (TSXV:WAGR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WGRFF:USA

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.championgaming.com

Champion Gaming Group Inc is a sports intelligence destination for teams, media, bettors, players, and fans. Its sports betting companies fulfil its core segments: proprietary data, advanced analytics, and expert content. The company's products are built with one simple mission - to give its customers the winning edge.

Executives

Kenneth Neil Hershman	Director
Sean Michael O'leary	Director

Champion Gaming Group (TSXV:WAGR) Headlines

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