COSOL (ASX:COS) Debt-to-Equity : 0.32 (As of Dec. 2023)

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What is COSOL Debt-to-Equity?

COSOL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$3.70 Mil. COSOL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$16.66 Mil. COSOL's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$63.53 Mil. COSOL's debt to equity for the quarter that ended in Dec. 2023 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 COSOL's Debt-to-Equity or its related term are showing as below:

ASX:COS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.32 Max: 0.42
Current: 0.32

During the past 4 years, the highest Debt-to-Equity Ratio of COSOL was 0.42. The lowest was 0.06. And the median was 0.32.

ASX:COS's Debt-to-Equity is ranked worse than
60.15% of 2203 companies
in the Software industry
Industry Median: 0.2 vs ASX:COS: 0.32

COSOL Debt-to-Equity Historical Data

The historical data trend for COSOL'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.

COSOL Debt-to-Equity Chart

COSOL Annual Data

Trend

Sep19

Jun21

Jun22

Jun23

Debt-to-Equity

0.10

0.27

0.35

COSOL Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.34	0.27	0.42	0.35	0.32

Competitive Comparison of COSOL's Debt-to-Equity

For the Information Technology Services subindustry, COSOL'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.

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

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

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

COSOL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

COSOL'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
	=	(2.493	+	12.56)	/	42.659
	=	0.35

COSOL'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
	=	(3.704	+	16.662)	/	63.531
	=	0.32

COSOL (ASX:COS) 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.

COSOL Debt-to-Equity Related Terms

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

COSOL (ASX:COS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » COSOL Ltd (ASX:COS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

490-500 Adelaide Street, Unit 1, Brisbane, QLD, AUS, 4000

Website

https://www.cosol.global

COSOL Ltd operates in the Information Technology(IT) and business services industry and provides EAM(enterprise asset management) related solutions and infrastructure-focused systems. It offers services such as digital business solutions which include business process and strategic reviews, implementation of enterprise resource planning (ERP)/EAM solutions, data migration, and ongoing support services to clients. The company's revenue is generated from EAM/ERP support services; data migration, and legacy data services. Its geographical segment includes COSOL Asia Pacific and COSOL North America. The company derives a majority of its revenue from the Asia Pacific region.

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