Kings Entertainment Group (XCNQ:JKPT) Debt-to-Equity : 0.00 (As of Sep. 2023)

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What is Kings Entertainment Group Debt-to-Equity?

Kings Entertainment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Kings Entertainment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Kings Entertainment Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$8.39 Mil. Kings Entertainment Group's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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

During the past 3 years, the highest Debt-to-Equity Ratio of Kings Entertainment Group was 0.02. The lowest was 0.02. And the median was 0.02.

XCNQ:JKPT's Debt-to-Equity is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 0.46
* Ranked among companies with meaningful Debt-to-Equity only.

Kings Entertainment Group Debt-to-Equity Historical Data

The historical data trend for Kings Entertainment 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.

Kings Entertainment Group Debt-to-Equity Chart

Kings Entertainment Group Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

0.02

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

Competitive Comparison of Kings Entertainment Group's Debt-to-Equity

For the Gambling subindustry, Kings Entertainment 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.

Kings Entertainment Group's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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

Kings Entertainment Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kings Entertainment 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	+	0)	/	2.153
	=	0.00

Kings Entertainment 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
	=	(0	+	0)	/	8.387
	=	0.00

Kings Entertainment Group (XCNQ:JKPT) 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.

Kings Entertainment Group Debt-to-Equity Related Terms

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Kings Entertainment Group (XCNQ:JKPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kings Entertainment Group Inc (XCNQ:JKPT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KENGF:USA L12:Germany

Address

505 Burrard Street, Suite 1570, Vancouver, BC, CAN

Website

Kings Entertainment Group Inc is the parent company of global lottery brand LottoKings group. As international online service providers for the lottery, casino, and sportsbook gambling, these brands leverage their ability to acquire pre-qualified players through renowned lottery offerings, then engage in a range of casino and sportsbook offerings.

Kings Entertainment Group (XCNQ:JKPT) Headlines

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