Mobile Global Esports (Mobile Global Esports) Debt-to-Equity : 0.06 (As of Dec. 2023)

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What is Mobile Global Esports Debt-to-Equity?

Mobile Global Esports's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.12 Mil. Mobile Global Esports's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.05 Mil. Mobile Global Esports's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3.10 Mil. Mobile Global Esports's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Mobile Global Esports's Debt-to-Equity or its related term are showing as below:

MGAM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.06
Current: 0.06

During the past 3 years, the highest Debt-to-Equity Ratio of Mobile Global Esports was 0.06. The lowest was 0.02. And the median was 0.04.

MGAM's Debt-to-Equity is ranked better than
70.82% of 425 companies
in the Interactive Media industry
Industry Median: 0.15 vs MGAM: 0.06

Mobile Global Esports Debt-to-Equity Historical Data

The historical data trend for Mobile Global Esports's Debt-to-Equity 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.

Mobile Global Esports Debt-to-Equity Chart

Mobile Global Esports Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.02

0.06

Mobile Global Esports Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.02	0.02	0.02	0.04	0.06

Competitive Comparison of Mobile Global Esports's Debt-to-Equity

For the Electronic Gaming & Multimedia subindustry, Mobile Global Esports's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Mobile Global Esports's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Mobile Global Esports's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mobile Global Esports's Debt-to-Equity falls into.

Mobile Global Esports Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mobile Global Esports's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.12	+	0.052)	/	3.104
	=	0.06

Mobile Global Esports's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.12	+	0.052)	/	3.104
	=	0.06

Mobile Global Esports (OTCPK:MGAM) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Mobile Global Esports Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Mobile Global Esports's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Mobile Global Esports (Mobile Global Esports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Mobile Global Esports Inc (OTCPK:MGAM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Post Road East, Westport, CT, USA, 06880

Website

https://www.mogoesports.com

Mobile Global Esports Inc develops and commercializes international esports, beginning with university esports events in India. It is launching an esports (electronic sports) platform initially focused on esports competitions played on mobile devices by university teams and players representing universities located in India and elsewhere in South Asia.

Executives

David Randall Pross	officer: CEO	73 BLUE SPRUCE CIRCLE, WESTON CT 06883
James Knopf	director	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06883
Marco Welch	director, officer: Chairman of the board	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06883
Jay P. Madan	director	8480 HONEYCUTT RD, SUITE 200, RALEIGH NC 27615
Sports Industry Of India, Inc.	10 percent owner	616 S. EL CAMINO REAL, STE. H, SAN CLEMENTE CA 92672
Alexander Alexandrov	director	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 02883
Kiki V Benson	officer: CFO	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06880
Willy Verhaegen	director	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06883