Asset Breakdown
13.1 M
Assets Non Current
10.8 M
Goodwill
22.9 M
Current Assets
| Total Assets | 38.69 Million | |
| Current Assets | 22.87 Million | |
| Assets Non Current | 13.05 Million | |
| Goodwill | 10.78 Million |
How much will Elys Game owe in August?
 | By Ellen Johnson | Macroaxis Story |
The upcoming quarterly report is expected on the 22nd of July 2021. The stock is currently experiencing an active upward rally. Elys Game Debt to Equity Ratio is relatively stable at the moment as compared to the past year. Elys Game reported last year Debt to Equity Ratio of 0.78. As of 07/17/2021, Price to Book Value is likely to grow to 5.65, while Earnings Before Interest Taxes and Depreciation Amortization EBITDA are likely to drop (7.8 M). As many millenniums are trying to avoid consumer cyclical space, it makes sense to sum up Elys Game Tech a little further and try to understand its current market patterns. I will address a few possible reasons retail investors do not currently respect this stock.
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Reviewed by Gabriel Shpitalnik
Elys Game currently holds 5.54 M in liabilities with Debt to Equity (D/E) ratio of 0.61, which is about average as compared to similar companies. This firm has a current ratio of 0.43, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Elys Game financial leverage ratio helps determine the effect of debt on the overall profitability of the company. It measures the total debt position of Elys Game, including all of Elys Game's outstanding debt obligations, and compares it with the equity. In simple terms, the high financial leverage means the cost of production, together with running the business day-to-day, is high, whereas, lower financial leverage implies lower fixed cost investment in the business and generally considered by investors to be a good sign. So if creditors own a majority of Elys Game assets, the company is considered highly leveraged. Understanding the composition and structure of overall Elys Game debt and outstanding corporate bonds gives a good idea of how risky the capital structure of a business is and if it is worth investing in it. Please read more on our technical analysis page.
Watch out for price decline
Please consider monitoring Elys Game on a daily basis if you are holding a position in it. Elys Game is trading at a penny-stock level, and the possibility of delisting is much higher compared to other pink sheets. However, just because the pink sheet is trading under one dollar, does not mean it will be marked for deletion. Most exchanges require public instruments, such as Elys Game stock to be traded above the $1 level to remain listed. If Elys Game pink sheet price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.
How important is Elys Game's Liquidity
Elys Game financial leverage refers to using borrowed capital as a funding source to finance Elys Game Technology ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Elys Game financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Elys Game's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Elys Game's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Elys Game's total debt and its cash.
Details
The company reported the previous year's revenue of 32.19 M. Net Loss for the year was (6.75 M) with profit before overhead, payroll, taxes, and interest of 8 M.
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