Bragg Gaming Group Balance Sheet Health
Financial Health criteria checks 5/6
Bragg Gaming Group has a total shareholder equity of €70.6M and total debt of €6.5M, which brings its debt-to-equity ratio to 9.2%. Its total assets and total liabilities are €103.6M and €33.0M respectively.
Key information
9.2%
Debt to equity ratio
€6.50m
Debt
| Interest coverage ratio | n/a |
| Cash | €11.63m |
| Equity | €70.65m |
| Total liabilities | €33.00m |
| Total assets | €103.65m |
Recent financial health updates
Recent updates
Bragg Gaming: Q2 Is Comparing Against All-Time High Performance
Aug 02Bragg 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 (€33.0M) exceed its short term liabilities (€29.7M).
Long Term Liabilities: BRAG's short term assets (€33.0M) exceed its long term liabilities (€3.3M).
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 increased from 1.8% to 9.2% 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 46.1% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 12:22 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Bragg Gaming Group Inc. is covered by 12 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Hickey | Benchmark Company |
| Matthew Lee | Canaccord Genuity |
| David McFadgen | Cormark Securities Inc. |