NeoGames (NeoGames) LT-Debt-to-Total-Asset : 0.49 (As of Sep. 2023)

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What is NeoGames 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. NeoGames's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.49.

NeoGames's long-term debt to total assets ratio increased from Sep. 2022 (0.43) to Sep. 2023 (0.49). It may suggest that NeoGames is progressively becoming more dependent on debt to grow their business.

NeoGames LT-Debt-to-Total-Asset Historical Data

The historical data trend for NeoGames'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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NeoGames LT-Debt-to-Total-Asset Chart

NeoGames Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.94

0.55

0.32

0.15

0.47

NeoGames Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.43	0.47	0.46	0.48	0.49

NeoGames LT-Debt-to-Total-Asset Calculation

NeoGames's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	216.11	/	460.944
	=	0.47

NeoGames's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	214.265	/	440.226
	=	0.49

NeoGames (NAS:NGMS) 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.

NeoGames LT-Debt-to-Total-Asset Related Terms

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NeoGames (NeoGames) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » NeoGames SA (NAS:NGMS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Habarzel Street, Tel Aviv, ISR, 6971014

Website

https://www.neogames.com

NeoGames SA is a technology-driven firm primarily engaged in the lottery industry. It is a B2G and B2B technology and service provider to state lotteries and other lottery operators. It offers solutions for lottery games including instant and draw-based games via personal computers, smartphones, and handheld devices. The company provides services in four key areas namely, marketing operations, player operations, technology operations, and business operations.