Kindred Group (LTS:0RDS) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is Kindred Group Debt-to-Equity?

Kindred Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr197 Mil. Kindred Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr1,820 Mil. Kindred Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr6,951 Mil. Kindred Group's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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 Kindred Group's Debt-to-Equity or its related term are showing as below:

LTS:0RDS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.36 Max: 1.24
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Kindred Group was 1.24. The lowest was 0.09. And the median was 0.36.

LTS:0RDS's Debt-to-Equity is ranked better than
63.13% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs LTS:0RDS: 0.29

Kindred Group Debt-to-Equity Historical Data

The historical data trend for Kindred Group'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.

Kindred Group Debt-to-Equity Chart

Kindred Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.24

0.44

0.30

0.32

0.37

Kindred Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.28	0.36	0.34	0.37	0.29

Competitive Comparison of Kindred Group's Debt-to-Equity

For the Gambling subindustry, Kindred Group'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.

Kindred Group's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Kindred Group's Debt-to-Equity distribution charts can be found below:

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

Kindred Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kindred Group'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
	=	(198.66	+	2177.468)	/	6515.524
	=	0.36

Kindred Group'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
	=	(197.114	+	1820.324)	/	6950.568
	=	0.29

Kindred Group (LTS:0RDS) 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.

Kindred Group Debt-to-Equity Related Terms

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

Kindred Group (LTS:0RDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kindred Group PLC (LTS:0RDS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KNDGF:USA KIND SDB:Sweden KINDs:UK UNBA:Germany

Address

C/o Camilleri Preziosi, South Street, Level 2, Valletta Buildings, Valletta, MLT, VLT 1103

Website

https://www.kindredgroup.com

Kindred Group PLC is an online gambling and gaming business that licenses online casino, poker, bingo, and sports betting. Its geographical reporting segments are as follows: the Nordics, Western Europe, Central, Eastern & Southern Europe, and Other. The company derives a majority of its revenue from Western Europe through gross winnings, betting duties, marketing revenue share, and other cost of sales. It operates through several different online brands, such as Unibet, Bingo.com, Maria Casino, and iGame. The Casino & Games products account for the most revenue, followed by Sports Betting, Poker, and Other.

Kindred Group (LTS:0RDS) Headlines

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