WiseTech Global (ASX:WTC) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is WiseTech Global Debt-to-Equity?

WiseTech Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$11.7 Mil. WiseTech Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$216.5 Mil. WiseTech Global's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2,020.6 Mil. WiseTech Global's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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

ASX:WTC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.14
Current: 0.11

During the past 8 years, the highest Debt-to-Equity Ratio of WiseTech Global was 0.14. The lowest was 0.00. And the median was 0.03.

ASX:WTC's Debt-to-Equity is ranked better than
63.4% of 2224 companies
in the Software industry
Industry Median: 0.21 vs ASX:WTC: 0.11

WiseTech Global Debt-to-Equity Historical Data

The historical data trend for WiseTech Global'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.

WiseTech Global Debt-to-Equity Chart

WiseTech Global Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.05

0.03

0.14

WiseTech Global Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.03	0.03	0.02	0.14	0.11

Competitive Comparison of WiseTech Global's Debt-to-Equity

For the Software - Application subindustry, WiseTech Global'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.

WiseTech Global's Debt-to-Equity Distribution in the Software Industry

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

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

WiseTech Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WiseTech Global'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
	=	(235.9	+	20.5)	/	1894.5
	=	0.14

WiseTech Global'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
	=	(11.7	+	216.5)	/	2020.6
	=	0.11

WiseTech Global (ASX:WTC) 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.

WiseTech Global Debt-to-Equity Related Terms

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

WiseTech Global (ASX:WTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WiseTech Global Ltd (ASX:WTC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WIGBY:USA WTCHF:USA 17W:Germany

Address

72 O’Riordan Street, Unit 3a, Alexandria, Sydney, NSW, AUS, 2015

Website

https://www.wisetechglobal.com

WiseTech is a founder-led technology company that provides logistics software. WiseTech's core product suite, CargoWise, provides the best-in-class software solution for international freight-forwarding and boasts industry-leading annual customer retention rates of over 99%. CargoWise's main competition consists of in-house software solutions and manual processes, providing a large and highly winnable market opportunity for WiseTech's current and future products.

WiseTech Global (ASX:WTC) Headlines

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