Asseco Business Solutions (FRA:9QQ) Debt-to-Equity : 0.13 (As of Mar. 2024)

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What is Asseco Business Solutions Debt-to-Equity?

Asseco Business Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1.81 Mil. Asseco Business Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €10.31 Mil. Asseco Business Solutions's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €96.02 Mil. Asseco Business Solutions's debt to equity for the quarter that ended in Mar. 2024 was 0.13.

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 Asseco Business Solutions's Debt-to-Equity or its related term are showing as below:

FRA:9QQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.17 Max: 0.26
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Asseco Business Solutions was 0.26. The lowest was 0.07. And the median was 0.17.

FRA:9QQ's Debt-to-Equity is ranked better than
59.97% of 2216 companies
in the Software industry
Industry Median: 0.21 vs FRA:9QQ: 0.13

Asseco Business Solutions Debt-to-Equity Historical Data

The historical data trend for Asseco Business Solutions'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.

Asseco Business Solutions Debt-to-Equity Chart

Asseco Business Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.18

0.16

0.19

0.14

0.13

Asseco Business Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.14	0.18	0.15	0.13	0.13

Competitive Comparison of Asseco Business Solutions's Debt-to-Equity

For the Software - Application subindustry, Asseco Business Solutions'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.

Asseco Business Solutions's Debt-to-Equity Distribution in the Software Industry

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

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

Asseco Business Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asseco Business Solutions's Debt to Equity Ratio for the fiscal year 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
	=	(1.725	+	9.949)	/	90.302
	=	0.13

Asseco Business Solutions's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(1.812	+	10.312)	/	96.022
	=	0.13

Asseco Business Solutions (FRA:9QQ) 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.

Asseco Business Solutions Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Asseco Business Solutions's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Asseco Business Solutions (FRA:9QQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Asseco Business Solutions SA (FRA:9QQ) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

ABS:Poland

Address

ul. Konrada Wallenroda 4c, Lublin, POL, 20-607

Website

http://www.assecobs.pl

Asseco Business Solutions SA serves as a Competence Centre accountable for the development of ERP software, mobile reporting systems (SFA), factoring systems and software for SMEs. Its offering also includes the provision, adaptation, and configuration of business applications for enterprises, design, and construction of infrastructure at the client or in the outsourcing model, providing equipment and system software of renowned partners, training for client's personnel, service and remote support for users. The company generates most of its revenue from its ERP Systems segment mainly in Poland.

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