Enthusiast Gaming Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Enthusiast Gaming Holdings has a total shareholder equity of CA$142.7M and total debt of CA$22.0M, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are CA$236.1M and CA$93.4M respectively.
Key information
15.4%
Debt to equity ratio
CA$22.04m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$6.85m |
| Equity | CA$142.72m |
| Total liabilities | CA$93.42m |
| Total assets | CA$236.13m |
Recent financial health updates
Recent updates
Enthusiast Gaming strengthen balance sheet through C$6.8M sale of select legacy assets
Sep 30Enthusiast Gaming secures $10M expansion of credit facility
Sep 19Enthusiast Gaming, Coinbase in pact to allow EV.IO players to earn crypto
Sep 08Enthusiast Gaming Holdings Q2 GAAP EPS of -C$0.12, revenue of C$51.1M
Aug 15Enthusiast Gaming says two nominees of Greywood Investments to join board
Jul 07Enthusiast Gaming Sets Record Gross Profit In Seasonally Weakest Quarter Of The Year
May 19Enthusiast Gaming: Betting On Generation Z
Mar 27Enthusiast Gaming: When High Growth Moonlights As A Value Stock
Dec 10Enthusiast Gaming Isn't As Exciting As It Seems
Oct 04Enthusiast Gaming: Cash Positive Possible By December, Potential 100% Return
Sep 02Enthusiast Gaming: Second Quarter Results Fail To Reverse Collapse
Aug 18Enthusiast Gaming: Social Network For Gamers
Aug 06Enthusiast Gaming sells 1.2M shares to underwriters in common stock offering
Jun 21Enthusiast Gaming: Grappling With The Future Of Entertainment
Apr 27Financial Position Analysis
Short Term Liabilities: EGLX.F's short term assets (CA$40.2M) do not cover its short term liabilities (CA$76.2M).
Long Term Liabilities: EGLX.F's short term assets (CA$40.2M) exceed its long term liabilities (CA$17.2M).
Debt to Equity History and Analysis
Debt Level: EGLX.F's net debt to equity ratio (10.6%) is considered satisfactory.
Reducing Debt: EGLX.F's debt to equity ratio has increased from 0% to 15.4% 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: EGLX.F has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if EGLX.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.