DUG Technology (ASX:DUG) Debt-to-Equity : 0.85 (As of Dec. 2023)

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What is DUG Technology Debt-to-Equity?

DUG Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$10.79 Mil. DUG Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$23.03 Mil. DUG Technology's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$39.59 Mil. DUG Technology's debt to equity for the quarter that ended in Dec. 2023 was 0.85.

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: 0.74 Med: 1.11 Max: 3.1
Current: 0.85

During the past 3 years, the highest Debt-to-Equity Ratio of DUG Technology was 3.10. The lowest was 0.74. And the median was 1.11.

ASX:DUG's Debt-to-Equity is ranked worse than
82.72% of 2222 companies
in the Software industry
Industry Median: 0.21 vs ASX:DUG: 0.85

DUG Technology Debt-to-Equity Historical Data

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.

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DUG Technology Debt-to-Equity Chart

DUG Technology Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

3.10

1.21

0.74

DUG Technology Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			1.52	1.21	1.05	0.74	0.85

Competitive Comparison of DUG Technology's Debt-to-Equity

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's Debt-to-Equity Distribution in the 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.

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. 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
	=	(6.805	+	16.314)	/	31.287
	=	0.74

DUG Technology'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
	=	(10.791	+	23.033)	/	39.59
	=	0.85

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

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DUG Technology (ASX:DUG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

76 Kings Park Road, West Perth, Perth, WA, AUS, 6005

Website

https://www.dug.com

DUG Technology Ltd is a technology company providing high performance computing as a service (HPCaaS), scientific data analysis services, and software solutions for the technology and resource sectors. Also, the company offers data management, multi-tiered support for optimising third-party algorithms, and integrated scientific software and services. The company has Three reportable segments which includes HPCaaS, Services, and Software segments and the company generates majority of its revenue from services segment.