Bragg Gaming Group Balance Sheet Health
Financial Health criteria checks 6/6
Bragg Gaming Group has a total shareholder equity of €69.2M and total debt of €1.4M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are €101.7M and €32.5M respectively.
Key information
2.1%
Debt to equity ratio
€1.45m
Debt
| Interest coverage ratio | n/a |
| Cash | €7.80m |
| Equity | €69.21m |
| Total liabilities | €32.53m |
| Total assets | €101.75m |
Recent financial health updates
Recent updates
Bragg Gaming: Strategic Alternative Review Underlines Potential In Underlying Value
Apr 01Bragg Gaming: An Operating Leverage Opportunity
Jan 17 Bragg gaming and Bally’s Interactive partner for content development
Sep 21Bragg Gaming secures $8.7M funding for further execution on growth initiatives
Sep 06Bragg Gaming GAAP EPS of $0.00 beats by $0.06, revenue of $20.8M beats by $2.59M
Aug 09Kalamba Games and Bragg Gaming expand partnership to include regulated U.S. igaming markets
Jun 30Financial Position Analysis
Short Term Liabilities: BRAG's short term assets (€27.6M) exceed its short term liabilities (€27.2M).
Long Term Liabilities: BRAG's short term assets (€27.6M) exceed its long term liabilities (€5.4M).
Debt to Equity History and Analysis
Debt Level: BRAG has more cash than its total debt.
Reducing Debt: BRAG's debt to equity ratio has reduced from 2.3% to 2.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable BRAG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BRAG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 47.9% per year.