This company has been acquired
Activision Blizzard Balance Sheet Health
Financial Health criteria checks 6/6
Activision Blizzard has a total shareholder equity of $20.8B and total debt of $3.6B, which brings its debt-to-equity ratio to 17.4%. Its total assets and total liabilities are $28.5B and $7.7B respectively. Activision Blizzard's EBIT is $2.2B making its interest coverage ratio -7.2. It has cash and short-term investments of $13.1B.
Key information
17.4%
Debt to equity ratio
US$3.61b
Debt
| Interest coverage ratio | -7.2x |
| Cash | US$13.15b |
| Equity | US$20.79b |
| Total liabilities | US$7.73b |
| Total assets | US$28.52b |
Recent financial health updates
Recent updates
Microsoft files planned Activision acquisition with European antitrust regulator
Sep 3017 Opportunities In Merger Arbitrage Space
Sep 22Activision Blizzard sets 'Call of Duty' franchise event
Sep 09What Will Microsoft Lose If The Activision Blizzard Deal Collapses?
Aug 23Activision Blizzard Non-GAAP EPS of $0.48 in-line, revenue of $1.64B beats by $70M
Aug 01Activision Blizzard: What If The Microsoft Deal Fails?
Jul 22Microsoft said to have responded to FTC's second request in Activision deal
Jul 15Activision Blizzard closes acquisition of Proletariat
Jul 01Buy Activision Blizzard Because Microsoft Deal Will Likely Close
Jun 21Activision Stock Forecast: Will The Price Go Up Or Fall In 2022?
May 20Activision: Attractive Arbitrage Opportunity
Apr 22Microsoft's $69 Billion Acquisition Of Activision: A Morphing FTC
Apr 16Activision: This Merger Arbitrage Is A Great Deal
Mar 28Activision And Microsoft Merger: Arbitrage Not Worth The Risk
Mar 21Activision: Great Company But Tons Of Stock Volatility
Feb 22Merger Arbitrage Mondays - Activision Blizzard Trades At A Big Discount To Microsoft's Acquisition Price
Jan 25Microsoft Takes Out Activision: Everything You Need To Know
Jan 18Activision Blizzard: Growth At A Reasonable Price And An Opportunity To Buy The Dip
Jan 04Activision Blizzard: A Giant Of The Gaming Industry
Dec 22Is Now A Good Time To Buy Activision Blizzard? Yes, If You Believe In The Game Franchises
Nov 29Activision Blizzard Is Imploding
Nov 23Activision Blizzard Is Not Cheap
Nov 17Activision Blizzard: The Sell-Off Gives An Investment Opportunity
Nov 08Financial Position Analysis
Short Term Liabilities: ATVI's short term assets ($15.5B) exceed its short term liabilities ($3.3B).
Long Term Liabilities: ATVI's short term assets ($15.5B) exceed its long term liabilities ($4.4B).
Debt to Equity History and Analysis
Debt Level: ATVI has more cash than its total debt.
Reducing Debt: ATVI's debt to equity ratio has reduced from 42.5% to 17.4% over the past 5 years.
Debt Coverage: ATVI's debt is well covered by operating cash flow (70.5%).
Interest Coverage: ATVI earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/10/14 10:57 |
| End of Day Share Price | 2023/10/12 00:00 |
| Earnings | 2023/06/30 |
| Annual Earnings | 2022/12/31 |
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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Activision Blizzard, Inc. is covered by 56 analysts. 14 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 |
|---|---|
| Benjy Scurlock | Arete Research Services LLP |
| Joseph Bonner | Argus Research Company |
| Colin Sebastian | Baird |