EPYFF (ePlay Digital) LT-Debt-to-Total-Asset : 1.94 (As of Sep. 2023)

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What is ePlay Digital 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. ePlay Digital's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 1.94.

ePlay Digital's long-term debt to total assets ratio declined from Sep. 2022 (9.32) to Sep. 2023 (1.94). It may suggest that ePlay Digital is progressively becoming less dependent on debt to grow their business.

ePlay Digital LT-Debt-to-Total-Asset Historical Data

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

ePlay Digital Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.56

13.87

62.19

2.02

0.73

ePlay Digital Quarterly Data
	Dec18	Mar19	Jun19	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															9.32	0.73	1.65	1.83	1.94

ePlay Digital LT-Debt-to-Total-Asset Calculation

ePlay Digital'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 )
	=	0.029	/	0.04
	=	0.73

ePlay Digital'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 )
	=	0.033	/	0.017
	=

ePlay Digital (OTCPK:EPYFF) 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.

ePlay Digital LT-Debt-to-Total-Asset Related Terms

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ePlay Digital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » ePlay Digital Inc (OTCPK:EPYFF) » Definitions » LT-Debt-to-Total-Asset

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Address

246 Stewart Green Soutwest, Suite 2464, Corporate Administration, Calgary, AB, CAN, T3H 3C8

Website

https://www.eplaydigital.com

ePlay Digital Inc is a media and sports entertainment company. The company is engaged in developing and operating broadcast and live video technologies. The company offers broadcasting, social media, and live-streaming services for sports and social media. Its social gaming business includes daily fantasy, pick sheet games, and among others. The company generates revenue from the set-up of user experiences, data reporting, and advertising.