DUG Technology (ASX:DUG) Debt-to-Equity: 0.65 (As of Dec. 2025) — 38% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:DUG DUG Technology Ltd ASX:DUG
54 GF Score
Price A$2.11
GF Value A$2.50
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is DUG Technology Debt-to-Equity?

DUG Technology ASX:DUG 54 Debt-to-Equity is 0.65 as of Dec. 2025, which is 38% below its 10-year median of 1.05. GuruFocus rates ASX:DUG with a GF Score™ of 54/100 and a GF Value™ of A$2.50 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,244 Software companies, DUG Technology ranks worse than 75.85% on this metric.

DUG Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was A$13.5 Mil. DUG Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was A$34.1 Mil. DUG Technology's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$73.6 Mil. DUG Technology's debt to equity for the quarter that ended in Dec. 2025 was 0.65.

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

ASX:DUG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65   Med: 1.05   Max: 2.97
Current: 0.65

During the past 5 years, the highest Debt-to-Equity Ratio of DUG Technology was 2.97. The lowest was 0.65. And the median was 1.05.

ASX:DUG's Debt-to-Equity is ranked worse than
75.85% of 2244 companies
in the Software industry
Industry Median: 0.19 vs ASX:DUG: 0.65

DUG Technology  (ASX:DUG) 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.


DUG Technology Debt-to-Equity Related Terms


DUG Technology Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for DUG Technology'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.

DUG Technology Debt-to-Equity Chart

DUG Technology Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Debt-to-Equity
2.97 1.21 0.74 1.17 0.72

DUG Technology Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.85 1.17 0.80 0.72 0.65

ASX:DUG vs IBM, ACN, FISV: Debt-to-Equity Comparison

For the Information Technology Services subindustry, DUG Technology'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.


DUG Technology Debt-to-Equity vs Software Industry

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

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


ASX:DUG
54GF Score
DUG Technology Ltd ASX:DUG
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DUG Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DUG Technology's Debt to Equity Ratio for the fiscal year that ended in Jun. 2025 is calculated as

DUG Technology's Debt to Equity Ratio for the quarter that ended in Dec. 2025 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.65 mean?
DUG Technology (ASX:DUG) has a Debt-to-Equity of 0.65 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on DUG Technology and its competitors. This is 38% below median its historical median of 1.05. Over the past decade, DUG Technology's Debt-to-Equity has ranged from 0.65 to 2.97. According to the industry distribution chart, DUG Technology ranks #1702 out of 2244 companies in the Software industry, placing it in the top 75.8%.
Is DUG Technology's Debt-to-Equity too high?
DUG Technology's current Debt-to-Equity of 0.65 is 38% below median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 2.97. The Software industry median Debt-to-Equity is 0.19. DUG Technology's value of 0.65 is 242.1% above this industry median. Based on the distribution chart, DUG Technology ranks #1702 out of 2244 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, DUG Technology has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DUG Technology's Debt-to-Equity compare to IBM and ACN?
According to the Software industry distribution chart, DUG Technology ranks #1702 out of 2244 companies for Debt-to-Equity. This places DUG Technology in the lower half of its industry. The industry median Debt-to-Equity is 0.19. DUG Technology's value of 0.65 is 242.1% above this benchmark. Historically, DUG Technology's own Debt-to-Equity has ranged from 0.65 to 2.97 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 0.19, DUG Technology has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Software company?
The median Debt-to-Equity among Software companies is 0.19, based on 2,244 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DUG Technology's current Debt-to-Equity of 0.65 is 242.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on DUG Technology and its competitors. For the Software industry, the median Debt-to-Equity is 0.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DUG Technology's current Debt-to-Equity is 0.65, which is 38% below median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DUG Technology stock overvalued right now?
Based on GuruFocus' analysis, DUG Technology (ASX:DUG) is currently considered Modestly Undervalued. The stock's GF Value™ is A$2.50, compared to a current price of A$2.11 — trading 15.6% below its estimated fair value. The current Debt-to-Equity is 0.65, which is 38% below median its 10-year median of 1.05 and 242.1% above the Software industry median of 0.19. DUG Technology's overall GF Score™ is 54/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For DUG Technology (ASX:DUG), the current Debt-to-Equity is 0.65 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is DUG Technology (ASX:DUG) Overvalued in 2026?

Based on GuruFocus' analysis, DUG Technology stock appears to be undervalued. The current stock price of A$2.11 is trading 15.6% below its estimated GF Value™ of A$2.50. GuruFocus considers DUG Technology to be Modestly Undervalued.

Key valuation signals for ASX:DUG:

  • Debt-to-Equity: 0.65 (38% below median its 10-year median of 1.05)
  • GF Value™: A$2.50 vs. price of A$2.11 (15.6% below fair value)
  • GF Score™: 54/100 with 4 warning signs
  • Industry Position: 242.1% above the Software median (#1702 of 2244)

No single metric tells the full story. See the ASX:DUG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DUG Technology Business Description

Other Exchanges DUGTF:USA
Address 76 Kings Park Road, West Perth, Perth, WA, AUS, 6005
DUG Technology Ltd is a technology company that provides high-performance computing as a service (HPCaaS), scientific data analysis services, and software solutions for the technology and resource sectors. The company also offers data management, multi-tiered support for optimizing third-party algorithms, and integrated scientific software and services. DUG Technology has three reportable segments: HPCaaS, Services, and Software. The majority of the company's revenue comes from the services segment, which provides clients with two types of services: data loading, quality control and management, and scientific data analysis.
54GF Score

Get the complete analysis for ASX:DUG

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$2.11
Price
A$2.50
GF Value