Enthusiast Gaming Holdings (Enthusiast Gaming Holdings) Equity-to-Asset : 0.68 (As of Sep. 2023)

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What is Enthusiast Gaming Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Enthusiast Gaming Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $134.7 Mil. Enthusiast Gaming Holdings's Total Assets for the quarter that ended in Sep. 2023 was $198.6 Mil. Therefore, Enthusiast Gaming Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.68.

The historical rank and industry rank for Enthusiast Gaming Holdings's Equity-to-Asset or its related term are showing as below:

EGLXF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.64 Med: 0.75 Max: 0.98
Current: 0.68

During the past 5 years, the highest Equity to Asset Ratio of Enthusiast Gaming Holdings was 0.98. The lowest was 0.64. And the median was 0.75.

EGLXF's Equity-to-Asset is ranked better than
57.36% of 598 companies
in the Interactive Media industry
Industry Median: 0.64 vs EGLXF: 0.68

Enthusiast Gaming Holdings Equity-to-Asset Historical Data

The historical data trend for Enthusiast Gaming Holdings's Equity-to-Asset 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.

Enthusiast Gaming Holdings Equity-to-Asset Chart

Enthusiast Gaming Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

0.98

0.70

0.64

0.68

0.75

Enthusiast Gaming Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															0.75	0.75	0.76	0.74	0.68

Competitive Comparison of Enthusiast Gaming Holdings's Equity-to-Asset

For the Internet Content & Information subindustry, Enthusiast Gaming Holdings's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

Enthusiast Gaming Holdings's Equity-to-Asset Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Enthusiast Gaming Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Enthusiast Gaming Holdings's Equity-to-Asset falls into.

Enthusiast Gaming Holdings Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Enthusiast Gaming Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	187.45	/	251.335
	=	0.75

Enthusiast Gaming Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	134.72	/	198.568
	=	0.68

Enthusiast Gaming Holdings (OTCPK:EGLXF) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Enthusiast Gaming Holdings Equity-to-Asset Related Terms

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Enthusiast Gaming Holdings (Enthusiast Gaming Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Enthusiast Gaming Holdings Inc (OTCPK:EGLXF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

2AV:Germany EGLX:Canada

Address

90 Eglinton Avenue East, Suite 805, Toronto, ON, CAN, M4P 2Y3

Website

https://www.enthusiastgaming.com

Enthusiast Gaming Holdings Inc is a gaming company building a media platform for video games and esports fans to connect and engage worldwide. Reaching over 300 million gamers every month, the company is a member of the Comscore 100 ranking of the top Internet Properties in the U.S. and the largest in the Gaming Information category on mobile devices. Combining the elements of its four core pillars; Media, Talent, Esports and Experiential, Enthusiast Gaming provides an engagement opportunity resulting in more points of connection than any other video game and esports platform, with unparalleled access to the influential and lucrative GenZ and Millennial audience. It has one segment which is digital media and entertainment. It generates a majority of its revenue from Media and content.