EBET, Inc. (EBET) Balance Sheet
EBET balance sheet, FY2023
September 30, 2023 · U.S. dollars$15.1M assets = $63.5M liabilities + −$48.4M equity
Liabilities exceed assets: shareholders’ equity is negative (−$48.4M).
Both columns are drawn to the same scale: what EBET owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EBET financial health
Descriptive bands, not a rating. Fiscal FY2023.
EBET balance sheet trends, FY2019–FY2023
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $110,785FY2019 | $15.1MFY2023 | +241.7%/yr | |
| Total liabilities | $26,056FY2019 | $63.5MFY2023 | +602.7%/yr | |
| Shareholders’ equity | $84,729FY2019 | −$48.4MFY2023 | — | |
| Cash & short-term investments | $67,717FY2019 | $304,709FY2023 | +45.6%/yr | |
| Total debt | $116,667FY2020 | $39.8MFY2023 | +598.8%/yr | |
| Net cash (debt) | −$116,667FY2020 | −$39.5MFY2023 | −$39.4M | |
| Working capital | $68,488FY2019 | −$60.7MFY2023 | −$60.8M | |
| Current ratio | 3.63FY2019 | 0.04FY2023 | −3.59 | |
| Debt / equity | 0.07FY2020 | 1.49FY2022 | +1.42 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EBET assets
EBET liabilities and equity
EBET debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EBET balance sheet
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $304,709 | $5.5M | $9.1M | $0 | $67,717 |
| Cash & equivalents | $304,709 | $5.5M | $9.1M | $0 | $67,717 |
| Receivables | $643,254 | $1.6M | $21,636 | $33,839 | $26,827 |
| Inventory | $0 | $2.9M | $664,250 | $0 | $0 |
| Other current assets | $1.3M | $129,975 | $196,899 | $50,000 | $0 |
| Total current assets | $2.3M | $10.2M | $9.9M | $83,839 | $94,544 |
| Property, plant & equipment (net) | $161,213 | $546,408 | $258,249 | $0 | $0 |
| Goodwill & intangible assets | $12.7M | $58.2M | $3.9M | $2.3M | $16,241 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 |
| Total assets | $15.1M | $68.9M | $14.1M | $2.4M | $110,785 |
| Liabilities | |||||
| Accounts payable | $22.8M | $13.4M | $1.7M | $208,648 | $12,532 |
| Short-term debt | $39.3M | $21.3M | $1.6M | — | — |
| Deferred revenue | −$22.8M | −$13.4M | — | — | — |
| Total current liabilities | $63.0M | $36.0M | $2.0M | $217,457 | $26,056 |
| Long-term debt | $559,597 | $11.1M | $1.4M | $116,667 | $0 |
| Lease obligations | $0 | $129,974 | $170,511 | $0 | — |
| Other long-term liabilities | $0 | $0 | $463,925 | $422,409 | $12,532 |
| Total liabilities | $63.5M | $47.1M | $3.8M | $756,533 | $26,056 |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $14,980 | $16,654 | $13,315 | $7,340 | $7,340 |
| Retained earnings (deficit) | −$151.2M | −$62.8M | −$16.6M | −$1.4M | −$876,271 |
| Accumulated other comprehensive income | −$532,401 | −$7.4M | $53,911 | — | — |
| Total shareholders' equity | −$48.4M | $21.8M | $10.3M | $1.6M | $84,729 |
| Key figures | |||||
| Total debt | $39.8M | $32.5M | $2.0M | $116,667 | — |
| Net cash (debt) | −$39.5M | −$27.0M | $7.0M | −$116,667 | — |
| Working capital | −$60.7M | −$25.8M | $8.0M | −$133,618 | $68,488 |
| Tangible book value | −$61.1M | −$36.4M | $6.4M | −$672,694 | $68,488 |
| Current ratio | 0.04 | 0.28 | 5.10 | 0.39 | 3.63 |
| Quick ratio | 0.02 | 0.20 | 4.66 | 0.16 | 3.63 |
| Debt / equity | — | 1.49 | 0.20 | 0.07 | — |
| Equity / assets | −320.6% | 31.6% | 72.9% | 68.1% | 76.5% |
| Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | Sep '21 | Jun '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $632,975 | $539,327 | $304,709 | $1.4M | $3.5M | $5.8M | $5.5M | $6.9M | $7.1M | $11.8M | $9.1M | $12.5M |
| Cash & equivalents | $632,975 | $539,327 | $304,709 | $1.4M | $3.5M | $5.8M | $5.5M | $6.9M | $7.1M | $11.8M | $9.1M | $12.5M |
| Receivables | $552,358 | $786,751 | $643,254 | $994,312 | $1.8M | $2.0M | $1.6M | $1.6M | $1.7M | $2.6M | $21,636 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $2.9M | $0 | $2.3M | $1.5M | $2.1M | $664,250 | $0 |
| Other current assets | $990,331 | $1.1M | $1.3M | $1.5M | $1.2M | $0 | $3.0M | $164,821 | $171,819 | $170,991 | $196,899 | $734,535 |
| Total current assets | $2.2M | $2.5M | $2.3M | $3.9M | $6.5M | $9.4M | $10.2M | $10.9M | $10.5M | $16.6M | $9.9M | $13.2M |
| Property, plant & equipment (net) | $94,009 | $132,120 | $161,213 | $347,817 | $533,409 | $580,920 | $546,408 | $1.1M | $1.0M | $583,245 | $258,249 | $86,436 |
| Goodwill & intangible assets | $12.3M | $12.9M | $12.7M | $27.1M | $61.5M | $62.0M | $58.2M | $67.1M | $73.4M | $77.3M | $3.9M | $4.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $9,561 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $14.5M | $15.5M | $15.1M | $31.4M | $68.5M | $72.0M | $68.9M | $79.1M | $84.8M | $94.5M | $14.1M | $17.3M |
| Liabilities | ||||||||||||
| Accounts payable | $23.2M | $23.6M | — | $9.1M | $8.5M | $14.4M | $13.4M | $12.4M | $8.1M | $7.5M | $1.7M | $767,066 |
| Short-term debt | $46.1M | $42.9M | — | $39.4M | $20.4M | $22.8M | — | $1.8M | $2.1M | $1.9M | $170,511 | $1.1M |
| Deferred revenue | −$23.2M | −$22.8M | — | −$9.1M | −$8.5M | −$14.4M | — | −$12.4M | −$8.1M | — | — | — |
| Total current liabilities | $70.1M | $67.4M | $63.0M | $49.7M | $29.9M | $38.2M | $36.0M | $15.8M | $11.3M | $11.0M | $2.0M | $1.9M |
| Long-term debt | $586,472 | $572,888 | $559,597 | $546,634 | $12.9M | $12.3M | $11.1M | $32.2M | $32.7M | $31.5M | $1.4M | $0 |
| Lease obligations | — | — | $0 | $0 | $79,720 | $105,226 | $129,974 | $164,820 | $171,818 | $170,990 | $170,511 | — |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $463,925 | $453,177 |
| Total liabilities | $70.7M | $68.0M | $63.5M | $50.3M | $42.8M | $50.6M | $47.1M | $48.0M | $44.0M | $42.5M | $3.8M | $2.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $14,980 | $14,980 | — | $34,218 | $25,144 | $17,275 | $16,654 | $16,172 | $14,416 | $14,191 | $13,315 | $13,111 |
| Retained earnings (deficit) | −$160.0M | −$155.0M | −$151.2M | −$122.2M | −$77.5M | −$71.9M | −$62.8M | −$49.6M | −$39.2M | −$26.0M | −$16.6M | −$10.5M |
| Accumulated other comprehensive income | $118,037 | −$1.0M | — | $462,306 | $320,027 | −$1.0M | — | −$4.5M | −$915,486 | $241,339 | $53,911 | — |
| Total shareholders' equity | −$56.2M | −$52.5M | −$48.4M | −$18.9M | $25.7M | $21.4M | $21.8M | $31.1M | $40.9M | $52.0M | $10.3M | $15.0M |
| Key figures | ||||||||||||
| Total debt | $46.7M | $43.4M | $559,597 | $39.9M | $33.2M | $35.0M | $11.1M | $34.0M | $34.8M | $33.4M | $1.6M | $1.1M |
| Net cash (debt) | −$46.1M | −$42.9M | −$254,888 | −$38.5M | −$29.7M | −$29.2M | −$5.7M | −$27.1M | −$27.7M | −$21.6M | $7.5M | $11.4M |
| Working capital | −$68.0M | −$64.9M | −$60.7M | −$45.8M | −$23.4M | −$28.9M | −$25.8M | −$4.8M | −$819,267 | $5.6M | $8.0M | $11.3M |
| Tangible book value | −$68.5M | −$65.4M | −$61.1M | −$46.0M | −$35.7M | −$40.6M | −$36.4M | −$35.9M | −$32.5M | −$25.3M | $6.4M | $11.0M |
| Book value per share | −$3.75 | −$3.50 | −$3.23 | — | — | — | $1.31 | — | — | — | — | — |
| Shares outstanding | 15.0M | 15.0M | 15.0M | — | — | — | 16.7M | — | — | — | — | — |
| Current ratio | 0.03 | 0.04 | 0.04 | 0.08 | 0.22 | 0.25 | 0.28 | 0.69 | 0.93 | 1.51 | 5.10 | 7.05 |
| Quick ratio | 0.02 | 0.02 | 0.02 | 0.05 | 0.18 | 0.21 | 0.20 | 0.54 | 0.78 | 1.31 | 4.66 | 6.65 |
| Debt / equity | — | — | — | — | 1.29 | 1.64 | 0.51 | 1.09 | 0.85 | 0.64 | 0.15 | 0.07 |
| Equity / assets | −386.2% | −339.1% | −320.6% | −60.4% | 37.6% | 29.7% | 31.6% | 39.3% | 48.2% | 55.1% | 72.9% | 86.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed January 12, 2024); data from EODHD.
EBET financial position
At the end of fiscal 2023 (September 30, 2023), EBET had total assets of $15.1 million (down 78.1% from a year earlier), total liabilities of $63.5 million and shareholders' equity of -$48.4 million. It held $0.3 million in cash and short-term investments against $39.8 million of debt, net debt of $39.5 million. Its current ratio was 0.04. In the latest quarter (ended March 31, 2024) total assets were $14.5 million and equity -$56.2 million.
Related: EBET income statement, EBET cash flow statement, EBET key metrics. See the EBET stock overview for the latest quote and news.
EBET balance sheet FAQ
What are EBET's total assets?
EBET reported total assets of $15.1 million at the end of fiscal 2023 (September 30, 2023), compared with $68.9 million a year earlier.
How much debt does EBET have?
EBET had $39.8 million of total debt at the end of fiscal 2023, including short-term borrowings. Its debt-to-equity ratio was —.
How much cash does EBET have?
EBET held $0.3 million in cash and short-term investments at the end of fiscal 2023; with $39.8 million of debt that is net debt of $39.5 million.
What is EBET's book value?
EBET's shareholders' equity (book value) was -$48.4 million at the end of fiscal 2023.
What is EBET's current ratio?
EBET had current assets of $2.3 million and current liabilities of $63.0 million, a current ratio of 0.04 (current liabilities exceed current assets).
How much goodwill does EBET have?
EBET carried $12.7 million of goodwill and intangible assets, 83.8% of total assets, at the end of fiscal 2023.