ChallengerX (AQSE:CXS) Debt-to-Equity : 0.00 (As of Jun. 2023)

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What is ChallengerX Debt-to-Equity?

ChallengerX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil. ChallengerX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil. ChallengerX's Total Stockholders Equity for the quarter that ended in Jun. 2023 was £-0.03 Mil. ChallengerX's debt to equity for the quarter that ended in Jun. 2023 was 0.00.

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 ChallengerX's Debt-to-Equity or its related term are showing as below:

AQSE:CXS's Debt-to-Equity is not ranked ^*
in the Software industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

ChallengerX Debt-to-Equity Historical Data

The historical data trend for ChallengerX'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.

ChallengerX Debt-to-Equity Chart

ChallengerX Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

ChallengerX Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	N/A	-	-	-

Competitive Comparison of ChallengerX's Debt-to-Equity

For the Software - Application subindustry, ChallengerX'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.

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

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

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

ChallengerX Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ChallengerX's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0	+	0)	/	-0.033
	=	0.00

ChallengerX's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0	+	0)	/	-0.033
	=	0.00

ChallengerX (AQSE:CXS) 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.

ChallengerX Debt-to-Equity Related Terms

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ChallengerX (AQSE:CXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ChallengerX PLC (AQSE:CXS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Great Queen Street, 9th Floor, London, GBR, WC2B 5DG

Website

https://www.challengerx.io

ChallengerX PLC is a Software as a service-based monetization technology and digital marketing company serving sports clubs, players, and other influencers around the world. The principal activity of the company is to employ both traditional and non-traditional marketing strategies to rapidly professionalize amateur and semi-professional sports clubs around the world.

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