GMBL (Esports Entertainment Group) LT-Debt-to-Total-Asset: 0.30 (As of Mar. 2024)


GMBL Esports Entertainment Group Inc GMBL
12 GF Score
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What is Esports Entertainment Group LT-Debt-to-Total-Asset?

Esports Entertainment Group GMBL 12 LT-Debt-to-Total-Asset is 0.30 as of Mar. 2024. GuruFocus rates GMBL with a GF Score™ of 12/100.

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. Esports Entertainment Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.30.

Esports Entertainment Group's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.30). It may suggest that Esports Entertainment Group is progressively becoming more dependent on debt to grow their business.

Esports Entertainment Group  (OTCPK:GMBL) 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.

Esports Entertainment Group LT-Debt-to-Total-Asset Related Terms

Esports Entertainment Group LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Esports Entertainment Group'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.

Esports Entertainment Group LT-Debt-to-Total-Asset Chart

Esports Entertainment Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.00 0.06 0.01 0.00

Esports Entertainment Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.30
GMBL
12GF Score
Esports Entertainment Group Inc GMBL
LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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Esports Entertainment Group LT-Debt-to-Total-Asset Calculation

Esports Entertainment Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )/Total Assets (A: Jun. 2023 )
=0/22.101
=0.00

Esports Entertainment Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )/Total Assets (Q: Mar. 2024 )
=1.414/4.644
=0.30

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.30 mean?
Esports Entertainment Group (GMBL) has a LT-Debt-to-Total-Asset of 0.30 as of Mar. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Esports Entertainment Group and its competitors.
Is Esports Entertainment Group's LT-Debt-to-Total-Asset too high?
Esports Entertainment Group's current LT-Debt-to-Total-Asset is 0.30. Overall, Esports Entertainment Group has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Esports Entertainment Group's LT-Debt-to-Total-Asset compare to FUNFF and EBET?
Esports Entertainment Group's LT-Debt-to-Total-Asset of 0.30 can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Travel & Leisure company?
A good LT-Debt-to-Total-Asset depends on the Travel & Leisure industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Esports Entertainment Group and its competitors. Esports Entertainment Group's current LT-Debt-to-Total-Asset is 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Esports Entertainment Group stock overvalued right now?
Esports Entertainment Group (GMBL) has a current LT-Debt-to-Total-Asset of 0.30. The current LT-Debt-to-Total-Asset is 0.30. Esports Entertainment Group's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Esports Entertainment Group (GMBL), the current LT-Debt-to-Total-Asset is 0.30 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Esports Entertainment Group Business Description

Address Psaila Street, No. 170, Pater House, Level 1, suite A308, Birkirkara, MLT, BKR 9077
Esports Entertainment Group Inc is a full-service esports and online betting company. It focuses on three verticals: Games, iGaming, and Technology. EEG Games provides a wide array of services and infrastructure for businesses to engage esports and gaming communities around the world. EEG iGaming includes a number of award-winning brands covering traditional online sports book wagering needs as well as a multinational casino operator.
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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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