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Gaxos.AI (Gaxos.AI) Debt-to-Equity : 0.00 (As of Mar. 2024)


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What is Gaxos.AI Debt-to-Equity?

Gaxos.AI's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Gaxos.AI's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Gaxos.AI's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $5.47 Mil. Gaxos.AI's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Gaxos.AI's Debt-to-Equity or its related term are showing as below:

GXAI's Debt-to-Equity is not ranked *
in the Interactive Media industry.
Industry Median: 0.16
* Ranked among companies with meaningful Debt-to-Equity only.

Gaxos.AI Debt-to-Equity Historical Data

The historical data trend for Gaxos.AI'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.

Gaxos.AI Debt-to-Equity Chart

Gaxos.AI Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
- - -

Gaxos.AI Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only - - - - -

Competitive Comparison of Gaxos.AI's Debt-to-Equity

For the Electronic Gaming & Multimedia subindustry, Gaxos.AI'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.

Gaxos.AI's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Gaxos.AI's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Gaxos.AI's Debt-to-Equity falls into.


Gaxos.AI Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gaxos.AI'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 + 0) / 3.426
=0.00

Gaxos.AI's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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 + 0) / 5.468
=0.00

* 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.

Gaxos.AI  (NAS:GXAI) 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.

Gaxos.AI Debt-to-Equity Related Terms

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

Gaxos.AI (Gaxos.AI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Gaxos.AI Inc (NAS:GXAI) » Definitions » Debt-to-Equity
Comparable Companies
DROR VRVR MGAM FRZT MSGM GDC WINR GIGM NCTY ATVI ATVI NTES TSE:7974 EA TTWO RBLX TSE:3659 TSE:9766 TSE:9697 SZSE:002555
Traded in Other Exchanges
N/A
Address
101 Eisenhower Parkway, Suite 300, Roseland, NJ, USA, 07068
Website
https://www.nftgco.com
Gaxos.AI Inc formerly NFT Gaming Co Inc is developing a digital gaming platform that will offer its proprietary games as well as games developed and published by third parties. It is developing a gaming platform, called Gaxos, founded with a vision to develop, design, acquire, and manage conventional games and to combine these games with unconventional game mechanisms, such as the ability to create and mint unique in-game features, such as skins, characters, weapons, gear, levels, and virtual lands.
Executives
Vadim Mats director, officer: Chief Executive Officer 285 GRAND AVENUE, ENGLEWOOD NJ 07631
Steven A Shorr officer: Chief Financial Officer 33 MAIDEN LANE, 5TH FLOOR, NEW YORK NY 10038
Scott Grayson director 101 EISENHOWER PARKWAY, SUITE 300, ROSELAND NJ 07068
Adam Holzer director 101 EISENHOWER PARKWAY, SUITE 300, ROSELAND NJ 07068
Alex Kisin director 101 EISENHOWER PARKWAY, SUITE 300, ROSELAND NJ 07068