Coveo Solutions (TSX:CVO) Debt-to-Equity

: 0.05 (As of Dec. 2023)

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Coveo Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$2.8 Mil. Coveo Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$10.2 Mil. Coveo Solutions's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$242.0 Mil. Coveo Solutions's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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

TSX:CVO' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.04 Med: 0.05 Max: 0.06
Current: 0.05

During the past 5 years, the highest Debt-to-Equity Ratio of Coveo Solutions was 0.06. The lowest was -0.04. And the median was 0.05.

TSX:CVO's Debt-to-Equity is ranked better than
78.34% of 2221 companies
in the Software industry
Industry Median: 0.21 vs TSX:CVO: 0.05

Coveo Solutions Debt-to-Equity Historical Data

The historical data trend for Coveo 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.

Coveo Solutions Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

N/A

-0.04

-0.01

0.05

Coveo Solutions Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.05	0.05	0.06	0.06	0.05

Competitive Comparison

For the Software - Infrastructure subindustry, Coveo 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.

Coveo Solutions Debt-to-Equity Distribution

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

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

Coveo Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Coveo Solutions's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(2.639	+	12.233)	/	299.019
	=	0.05

Coveo Solutions'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
	=	(2.795	+	10.202)	/	241.988
	=	0.05

Coveo Solutions (TSX:CVO) 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.

Coveo Solutions Debt-to-Equity Related Terms

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Coveo Solutions (TSX:CVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Coveo Solutions Inc (TSX:CVO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CVOSF:USA I94:Germany

Address

3175 des Quatre-Bourgeois, Suite 200, Quebec, QC, CAN, G1W 2K7

Website

https://www.coveo.com

Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company's solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction.

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