Activision Blizzard (XSWX:AIY) Debt-to-Equity : 0.17 (As of Jun. 2023)

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What is Activision Blizzard Debt-to-Equity?

Activision Blizzard's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was CHF0 Mil. Activision Blizzard's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was CHF3,252 Mil. Activision Blizzard's Total Stockholders Equity for the quarter that ended in Jun. 2023 was CHF18,722 Mil. Activision Blizzard's debt to equity for the quarter that ended in Jun. 2023 was 0.17.

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 Activision Blizzard's Debt-to-Equity or its related term are showing as below:

XSWX:AIY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.25 Max: 0.72
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Activision Blizzard was 0.72. The lowest was 0.17. And the median was 0.25.

XSWX:AIY's Debt-to-Equity is not ranked
in the Interactive Media industry.
Industry Median: 0.15 vs XSWX:AIY: 0.17

Activision Blizzard Debt-to-Equity Historical Data

The historical data trend for Activision Blizzard'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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Activision Blizzard Debt-to-Equity Chart

Activision Blizzard Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.23

0.21

0.24

0.21

0.19

Activision Blizzard Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.20	0.19	0.19	0.18	0.17

Competitive Comparison of Activision Blizzard's Debt-to-Equity

For the Electronic Gaming & Multimedia subindustry, Activision Blizzard'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.

Activision Blizzard's Debt-to-Equity Distribution in the Interactive Media Industry

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

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

Activision Blizzard Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Activision Blizzard'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	+	3364.008)	/	17926.779
	=	0.19

Activision Blizzard's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	3252.245)	/	18722.017
	=	0.17

Activision Blizzard (XSWX:AIY) 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.

Activision Blizzard Debt-to-Equity Related Terms

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Activision Blizzard (XSWX:AIY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Activision Blizzard Inc (XSWX:AIY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2701 Olympic Boulevard, Building B, Santa Monica, CA, USA, 90404

Website

https://www.activisionblizzard.com

Activision Blizzard was formed in 2008 by the merger of Activision, one of the largest console video game publishers, and Blizzard, one of largest PC video game publishers. The combined firm remains one of the world's largest video game publishers. Activision's impressive franchise portfolio includes World of Warcraft, which boasts more than $8 billion of lifetime sales, and Call of Duty, which has sold over 175 million copies across 14 titles over 12 years.

Activision Blizzard (XSWX:AIY) Headlines

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