CGI (GIB) Debt-to-Equity : 0.35 (As of Dec. 2023)

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What is CGI Debt-to-Equity?

CGI's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $513 Mil. CGI's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,724 Mil. CGI's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6,413 Mil. CGI's debt to equity for the quarter that ended in Dec. 2023 was 0.35.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for CGI's Debt-to-Equity or its related term are showing as below:

GIB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.41 Max: 0.67
Current: 0.35

During the past 13 years, the highest Debt-to-Equity Ratio of CGI was 0.67. The lowest was 0.26. And the median was 0.41.

GIB's Debt-to-Equity is ranked worse than
61.7% of 2222 companies
in the Software industry
Industry Median: 0.21 vs GIB: 0.35

CGI Debt-to-Equity Historical Data

The historical data trend for CGI's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CGI Debt-to-Equity Chart

CGI Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.34

0.61

0.60

0.55

0.45

CGI Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.49	0.48	0.46	0.45	0.35

Competitive Comparison of CGI's Debt-to-Equity

For the Information Technology Services subindustry, CGI's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CGI's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, CGI's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CGI's Debt-to-Equity falls into.

CGI Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CGI's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1003.494	+	1762.217)	/	6141.67
	=	0.45

CGI's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(512.622	+	1724.298)	/	6413.253
	=	0.35

CGI (NYSE:GIB) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

CGI Debt-to-Equity Related Terms

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CGI (GIB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CGI Inc (NYSE:GIB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CJ5A:Germany GIB.A:Canada

Address

1350 Rene-Levesque Boulevard West, 25th Floor, Montreal, QC, CAN, H3G 1T4

Website

https://www.cgi.com

CGI Inc. is a Canada-based IT-services provider with an embedded position in North America and Europe. The company generates more than CAD 14 billion in annual revenue, employs over 90,000 personnel, and operates across 400 offices in 40 countries. CGI offers a broad portfolio of services such as consulting, systems integration, application maintenance, and business process services, or BPS. The company's largest vertical market is government, which contributes more than a third of group revenue.