ePlay Digital (XCNQ:EPY) Debt-to-Equity : -0.82 (As of Sep. 2023)

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What is ePlay Digital Debt-to-Equity?

ePlay Digital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$1.27 Mil. ePlay Digital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.04 Mil. ePlay Digital's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-1.60 Mil. ePlay Digital's debt to equity for the quarter that ended in Sep. 2023 was -0.82.

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 ePlay Digital's Debt-to-Equity or its related term are showing as below:

XCNQ:EPY' s Debt-to-Equity Range Over the Past 10 Years
Min: -7.81 Med: -0.22 Max: 185.4
Current: -0.82

During the past 10 years, the highest Debt-to-Equity Ratio of ePlay Digital was 185.40. The lowest was -7.81. And the median was -0.22.

XCNQ:EPY's Debt-to-Equity is not ranked
in the Interactive Media industry.
Industry Median: 0.16 vs XCNQ:EPY: -0.82

ePlay Digital Debt-to-Equity Historical Data

The historical data trend for ePlay Digital'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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ePlay Digital Debt-to-Equity Chart

ePlay Digital Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.54

-0.89

-0.91

-1.69

-0.89

ePlay Digital Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-0.98	-0.89	-0.87	-0.84	-0.82

Competitive Comparison of ePlay Digital's Debt-to-Equity

For the Electronic Gaming & Multimedia subindustry, ePlay Digital'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.

ePlay Digital's Debt-to-Equity Distribution in the Interactive Media Industry

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

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

ePlay Digital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ePlay Digital'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
	=	(1.262	+	0.04)	/	-1.465
	=	-0.89

ePlay Digital'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
	=	(1.27	+	0.044)	/	-1.595
	=	-0.82

ePlay Digital (XCNQ:EPY) 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.

ePlay Digital Debt-to-Equity Related Terms

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ePlay Digital (XCNQ:EPY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » ePlay Digital Inc (XCNQ:EPY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EPYFF:USA 2NY2:Germany

Address

246 Stewart Green Soutwest, Suite 2464, Corporate Administration, Calgary, AB, CAN, T3H 3C8

Website

https://www.eplaydigital.com

ePlay Digital Inc is a media and sports entertainment company. The company is engaged in developing and operating broadcast and live video technologies. The company offers broadcasting, social media, and live-streaming services for sports and social media. Its social gaming business includes daily fantasy, pick sheet games, and among others. The company generates revenue from the set-up of user experiences, data reporting, and advertising.

Executives

Trevor Lee Doerksen

Director, Senior Officer

ePlay Digital (XCNQ:EPY) Headlines

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