Paradox Interactive

Hey All,

I'm not sure which of you play Paradox Games like EU4 or HOI4, but their financials look very good to me except for a few things.

Stats:

1. Over 40% operating Margin
2. Current Ratio of 1.8
3. Net Profit Margin 35%
4. Seemingly over 50% Gross Margin
5. Debt to assets of 6%

The one stat I did not like was that Yahoo Finance says debt to equity is 7 or so but I calculated it as 0.5. I'm not sure what to think but let me know your opinion.

I've played this companies games for 5 years now, and they have no real competition because their games are very specific and different from something like CIV 6 or Age of Empires. They have carved out a very grand strategy niche.