Enthusiast Gaming Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Enthusiast Gaming Holdings has a total shareholder equity of CA$132.6M and total debt of CA$39.6M, which brings its debt-to-equity ratio to 29.9%. Its total assets and total liabilities are CA$209.2M and CA$76.6M respectively.
Key information
29.9%
Debt to equity ratio
CA$39.64m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$6.88m |
| Equity | CA$132.65m |
| Total liabilities | CA$76.58m |
| Total assets | CA$209.23m |
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 21Financial Position Analysis
Short Term Liabilities: EGLX.F's short term assets (CA$20.6M) do not cover its short term liabilities (CA$42.3M).
Long Term Liabilities: EGLX.F's short term assets (CA$20.6M) do not cover its long term liabilities (CA$34.3M).
Debt to Equity History and Analysis
Debt Level: EGLX.F's net debt to equity ratio (24.7%) is considered satisfactory.
Reducing Debt: EGLX.F's debt to equity ratio has increased from 6.2% to 29.9% 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 less than a year of cash runway 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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 16:03 |
| End of Day Share Price | 2025/01/02 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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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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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
Enthusiast Gaming Holdings Inc. is covered by 10 analysts. 7 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 Crawford | B. Riley Securities, Inc. |
| Robert Young | Canaccord Genuity |
| Derek Soderberg | Colliers Securities |