Cognizant Technology Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $216 Mil. Cognizant Technology Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $1,355 Mil. Cognizant Technology Solutions's Total Stockholders Equity for the quarter that ended in Jun. 2022 was $11,950 Mil.
Cognizant Technology Solutions's debt to equity for the quarter that ended in Jun. 2022 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 Cognizant Technology Solutions's Debt-to-Equity or its related term are showing as below:
CTSH'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.13 Max: 0.32
Current: 0.13
During the past 13 years, the highest Debt-to-Equity Ratio of Cognizant Technology Solutions was 0.32. The lowest was 0.07. And the median was 0.13.
CTSH's Debt-to-Equity is ranked better than 59.53% of 2046
companies
in the Software industry
Industry Median: 0.20
vs CTSH: 0.13
Cognizant Technology Solutions Debt-to-Equity Historical Data
The historical data trend for Cognizant Technology 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.
Cognizant Technology Solutions Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Debt-to-Equity
0.08
0.07
0.15
0.16
0.14
Cognizant Technology Solutions Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Debt-to-Equity
0.15
0.15
0.14
0.13
0.13
Competitive Comparison
For the Information Technology Services subindustry, Cognizant Technology 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.
Cognizant Technology Solutions Debt-to-Equity Distribution
For the Software industry and Technology sector, Cognizant Technology Solutions's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Cognizant Technology Solutions's Debt-to-Equity falls into.
* 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.
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.
Cognizant Technology Solutions Debt-to-Equity Related Terms
Thank you for viewing the detailed overview of Cognizant Technology Solutions's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Cognizant Technology Solutions Business Description
Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.
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