The Descartes Systems Group (FRA:DC2) Debt-to-Equity : 0.01 (As of Jan. 2024)

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What is The Descartes Systems Group Debt-to-Equity?

The Descartes Systems Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €2.8 Mil. The Descartes Systems Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €3.6 Mil. The Descartes Systems Group's Total Stockholders Equity for the quarter that ended in Jan. 2024 was €1,136.5 Mil. The Descartes Systems Group's debt to equity for the quarter that ended in Jan. 2024 was 0.01.

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 The Descartes Systems Group's Debt-to-Equity or its related term are showing as below:

FRA:DC2' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.07
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of The Descartes Systems Group was 0.07. The lowest was 0.01. And the median was 0.01.

FRA:DC2's Debt-to-Equity is ranked better than
99.95% of 2221 companies
in the Software industry
Industry Median: 0.21 vs FRA:DC2: 0.01

The Descartes Systems Group Debt-to-Equity Historical Data

The historical data trend for The Descartes Systems Group'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.

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The Descartes Systems Group Debt-to-Equity Chart

The Descartes Systems Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

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0.02

0.01

The Descartes Systems Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of The Descartes Systems Group's Debt-to-Equity

For the Software - Application subindustry, The Descartes Systems Group'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.

The Descartes Systems Group's Debt-to-Equity Distribution in the Software Industry

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

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

The Descartes Systems Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Descartes Systems Group's Debt to Equity Ratio for the fiscal year that ended in Jan. 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
	=	(2.823	+	3.583)	/	1136.515
	=	0.01

The Descartes Systems Group's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(2.823	+	3.583)	/	1136.515
	=	0.01

The Descartes Systems Group (FRA:DC2) 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.

The Descartes Systems Group Debt-to-Equity Related Terms

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

The Descartes Systems Group (FRA:DC2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » The Descartes Systems Group Inc (FRA:DC2) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DSGX:USA DC2:Germany DSG:Canada

Address

120 Randall Drive, Waterloo, ON, CAN, N2V 1C6

Website

https://www.descartes.com

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.

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