Enthusiast Gaming Holdings Inc.

OTCPK:EGLX.F Stock Report

Market Cap: US$14.8m

Enthusiast Gaming Holdings Balance Sheet Health

Financial Health criteria checks 2/6

Enthusiast Gaming Holdings has a total shareholder equity of CA$136.8M and total debt of CA$22.1M, which brings its debt-to-equity ratio to 16.1%. Its total assets and total liabilities are CA$205.6M and CA$68.8M respectively.

Key information

16.1%

Debt to equity ratio

CA$22.05m

Debt

Interest coverage ration/a
CashCA$2.16m
EquityCA$136.85m
Total liabilitiesCA$68.77m
Total assetsCA$205.61m

Recent financial health updates

Recent updates

Enthusiast Gaming strengthen balance sheet through C$6.8M sale of select legacy assets

Sep 30

Enthusiast Gaming secures $10M expansion of credit facility

Sep 19

Enthusiast Gaming, Coinbase in pact to allow EV.IO players to earn crypto

Sep 08

Enthusiast Gaming Holdings Q2 GAAP EPS of -C$0.12, revenue of C$51.1M

Aug 15

Enthusiast Gaming says two nominees of Greywood Investments to join board

Jul 07

Enthusiast Gaming Sets Record Gross Profit In Seasonally Weakest Quarter Of The Year

May 19

Enthusiast Gaming: Betting On Generation Z

Mar 27

Enthusiast Gaming: When High Growth Moonlights As A Value Stock

Dec 10

Enthusiast Gaming Isn't As Exciting As It Seems

Oct 04

Enthusiast Gaming: Cash Positive Possible By December, Potential 100% Return

Sep 02

Enthusiast Gaming: Second Quarter Results Fail To Reverse Collapse

Aug 18

Enthusiast Gaming: Social Network For Gamers

Aug 06

Enthusiast Gaming sells 1.2M shares to underwriters in common stock offering

Jun 21

Enthusiast Gaming: Grappling With The Future Of Entertainment

Apr 27

Financial Position Analysis

Short Term Liabilities: EGLX.F's short term assets (CA$15.9M) do not cover its short term liabilities (CA$51.8M).

Long Term Liabilities: EGLX.F's short term assets (CA$15.9M) do not cover its long term liabilities (CA$17.0M).

Debt to Equity History and Analysis

Debt Level: EGLX.F's net debt to equity ratio (14.5%) is considered satisfactory.

Reducing Debt: EGLX.F's debt to equity ratio has increased from 6.4% to 16.1% 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: EGLX.F has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.

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.

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