Playgon Games (FRA:7CR) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Playgon Games LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Playgon Games's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Playgon Games's long-term debt to total assets ratio declined from Sep. 2023 (1.67) to Sep. 2024 (0.00). It may suggest that Playgon Games is progressively becoming less dependent on debt to grow their business.

Playgon Games LT-Debt-to-Total-Asset Historical Data

The historical data trend for Playgon Games's LT-Debt-to-Total-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.

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Playgon Games LT-Debt-to-Total-Asset Chart

Playgon Games Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.02

0.11

1.74

Playgon Games Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.67	1.74	1.56	-	-

Playgon Games LT-Debt-to-Total-Asset Calculation

Playgon Games's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	6.543	/	3.765
	=	1.74

Playgon Games's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	0	/	2.152
	=	0.00

Playgon Games (FRA:7CR) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Playgon Games LT-Debt-to-Total-Asset Related Terms

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Playgon Games Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Playgon Games Inc (FRA:7CR) » Definitions » LT-Debt-to-Total-Asset

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PLGNF:USA DEAL:Canada

Address

1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 3T5

Website

https://www.playgon.com

Playgon Games Inc is a technology company. It focuses on developing and licensing digital content for the growing iGaming market. The company provides a multi-tenant gateway that allows online operators the ability to offer customers iGaming software solutions. Its current software platform includes Live Dealer Casino, E-Table games, and Daily Fantasy Sports. The firm's products are turn-key solutions for online casinos, sportsbook operators, land-based operators, media groups, and database companies. The Company generates Software as a service (SAAS) revenue from contracts with customers by providing them access to the Company's Live Dealer Product.

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