IDOX (LSE:IDOX) Debt-to-Equity : 0.42 (As of Oct. 2023)

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What is IDOX Debt-to-Equity?

IDOX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was £0.22 Mil. IDOX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was £30.46 Mil. IDOX's Total Stockholders Equity for the quarter that ended in Oct. 2023 was £73.28 Mil. IDOX's debt to equity for the quarter that ended in Oct. 2023 was 0.42.

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

LSE:IDOX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.33 Med: 0.46 Max: 1.08
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of IDOX was 1.08. The lowest was 0.33. And the median was 0.46.

LSE:IDOX's Debt-to-Equity is ranked worse than
67.6% of 2213 companies
in the Software industry
Industry Median: 0.21 vs LSE:IDOX: 0.42

IDOX Debt-to-Equity Historical Data

The historical data trend for IDOX'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.

IDOX Debt-to-Equity Chart

IDOX Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.75

1.08

0.48

0.33

0.42

IDOX Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															0.48	0.43	0.33	0.35	0.42

Competitive Comparison of IDOX's Debt-to-Equity

For the Software - Application subindustry, IDOX'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.

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

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

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

IDOX Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

IDOX's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(0.22	+	30.456)	/	73.277
	=	0.42

IDOX's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(0.22	+	30.456)	/	73.277
	=	0.42

IDOX (LSE:IDOX) 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.

IDOX Debt-to-Equity Related Terms

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IDOX (LSE:IDOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IDOX PLC (LSE:IDOX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IDOX.GB:UK

Address

Forsyth Road, Unit 5, Woking 8, Surrey, GBR, GU21 5SB

Website

https://www.idoxgroup.com

IDOX PLC is a provider of applications to the United Kingdom's local government related to land, people, and property. The company provides public sector companies tools to manage information and knowledge, documents, content, business processes and workflow, and elections management solutions. Its operating segments include Public Sector Software (PSS), Engineering Information Management (EIM). The company generates maximum revenue from the PSS segment. The PSS segment delivers specialist information management solutions and services to the public sector. Geographically, it derives a majority of its revenue from the United Kingdom.

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