Esports Entertainment Group Debt-to-Equity Ratio Growth & History (GMBL)

Esports Entertainment Group's debt-to-equity ratio was 0.02 for fiscal 2023.

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Esports Entertainment Group annual debt-to-equity ratio history

Esports Entertainment Group annual debt-to-equity ratio

Fiscal yearPeriod endedDebt-to-equity ratioChangeGrowth
20232023-06-300.02
20212021-06-300.110.11
20202020-06-300.00
20182018-06-300.000.00
20172017-06-300.00−0.07
20162016-06-300.070.07
20152015-06-300.00

Esports Entertainment Group debt-to-equity ratio trends

Over the last five fiscal years, Esports Entertainment Group's debt-to-equity ratio increased from 0.00 to 0.02, a change of 0.02. The latest reported quarter, Q4 2023, shows 0.02.

About the metric

What the debt-to-equity ratio means

The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.

Calculation and source

How debt-to-equity is calculated

TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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