A Look Into PlayAGS Debt

A Look Into PlayAGS Debt

 

Over the past three months, shares of PlayAGS (NYSE:AGS) increased by 14.03%. Before having a look at the importance of debt, let us look at how much debt PlayAGS has.

PlayAGS's Debt

Based on PlayAGS's balance sheet as of May 6, 2021, long-term debt is at $601.04 million and current debt is at $7.00 million, amounting to $608.04 million in total debt. Adjusted for $77.30 million in cash-equivalents, the company's net debt is at $530.75 million.

Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the …

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