BlackBerry (TSX:BB) Debt-to-Equity : 0.33 (As of Feb. 2024)

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What is BlackBerry Debt-to-Equity?

BlackBerry's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$27 Mil. BlackBerry's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$313 Mil. BlackBerry's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$1,048 Mil. BlackBerry's debt to equity for the quarter that ended in Feb. 2024 was 0.32.

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

TSX:BB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.36 Max: 0.56
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of BlackBerry was 0.56. The lowest was 0.25. And the median was 0.36.

TSX:BB's Debt-to-Equity is ranked worse than
60.17% of 2222 companies
in the Software industry
Industry Median: 0.21 vs TSX:BB: 0.33

BlackBerry Debt-to-Equity Historical Data

The historical data trend for BlackBerry'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.

BlackBerry Debt-to-Equity Chart

BlackBerry Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Debt-to-Equity

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0.30

0.56

0.39

0.52

0.33

BlackBerry Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.52	0.51	0.52	0.24	0.33

Competitive Comparison of BlackBerry's Debt-to-Equity

For the Software - Infrastructure subindustry, BlackBerry'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.

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

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

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

BlackBerry Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BlackBerry's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(27	+	313.2)	/	1047.6
	=	0.32

BlackBerry's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(27	+	313.2)	/	1047.6
	=	0.32

BlackBerry (TSX:BB) 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.

BlackBerry Debt-to-Equity Related Terms

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

BlackBerry (TSX:BB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BlackBerry Ltd (TSX:BB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BB:USA BB:Mexico RI1:Germany RI1:Germany RI1:Germany BBRY:Argentina

Address

2200 University Avenue East, Waterloo, ON, CAN, N2K 0A7

Website

https://www.blackberry.com

BlackBerry, once known for being the world's largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.