Playground Ventures (XCNQ:PLAY) Debt-to-Equity : -0.04 (As of Jun. 2024)

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What is Playground Ventures Debt-to-Equity?

Playground Ventures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.01 Mil. Playground Ventures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.00 Mil. Playground Ventures's Total Stockholders Equity for the quarter that ended in Jun. 2024 was C$-0.29 Mil. Playground Ventures's debt to equity for the quarter that ended in Jun. 2024 was -0.04.

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 Playground Ventures's Debt-to-Equity or its related term are showing as below:

XCNQ:PLAY' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.13 Med: 0.05 Max: 5.6
Current: -0.04

During the past 9 years, the highest Debt-to-Equity Ratio of Playground Ventures was 5.60. The lowest was -3.13. And the median was 0.05.

XCNQ:PLAY's Debt-to-Equity is not ranked
in the Interactive Media industry.
Industry Median: 0.17 vs XCNQ:PLAY: -0.04

Playground Ventures Debt-to-Equity Historical Data

The historical data trend for Playground Ventures'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.

Playground Ventures Debt-to-Equity Chart

Playground Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-0.49

Playground Ventures Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-0.03	-0.04

Competitive Comparison of Playground Ventures's Debt-to-Equity

For the Electronic Gaming & Multimedia subindustry, Playground Ventures'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.

Playground Ventures's Debt-to-Equity Distribution in the Interactive Media Industry

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

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

Playground Ventures Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Playground Ventures'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)	/	-0.944
	=	0.00

Playground Ventures's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.013	+	0)	/	-0.293
	=	-0.04

Playground Ventures (XCNQ:PLAY) 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.

Playground Ventures Debt-to-Equity Related Terms

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Playground Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Playground Ventures Inc (XCNQ:PLAY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100-736 Granville Street, Vancouver, BC, CAN, V6Z 1G3

Website

http://www.playgroundventures.com

Playground Ventures Inc, formerly Blocplay Entertainment Inc is a Canada-based video game publisher that publishes video games that either develop internally or engage a video game developer to build. The company is mainly engaged in the business of software games development and related services. The company derives its revenue from development fees, which is contract-specific for the development of technology; and online game sales, and platform sales.

Executives

Damien Edward Reynolds

10% Security Holder