FirstWave Cloud Technology (ASX:FCT) Debt-to-Equity : 0.08 (As of Dec. 2024)

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What is FirstWave Cloud Technology Debt-to-Equity?

FirstWave Cloud Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$2.41 Mil. FirstWave Cloud Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil. FirstWave Cloud Technology's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$30.61 Mil. FirstWave Cloud Technology's debt to equity for the quarter that ended in Dec. 2024 was 0.08.

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

ASX:FCT' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.22 Med: 0.03 Max: 0.12
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of FirstWave Cloud Technology was 0.12. The lowest was -0.22. And the median was 0.03.

ASX:FCT's Debt-to-Equity is ranked better than
70.37% of 2204 companies
in the Software industry
Industry Median: 0.2 vs ASX:FCT: 0.08

FirstWave Cloud Technology Debt-to-Equity Historical Data

The historical data trend for FirstWave Cloud 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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FirstWave Cloud Technology Debt-to-Equity Chart

FirstWave Cloud Technology Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.03

0.07

0.01

0.07

FirstWave Cloud Technology Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	-	0.07	0.08

Competitive Comparison of FirstWave Cloud Technology's Debt-to-Equity

For the Software - Infrastructure subindustry, FirstWave Cloud 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.

FirstWave Cloud Technology's Debt-to-Equity Distribution in the Software Industry

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

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

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FirstWave Cloud Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FirstWave Cloud Technology's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.131	+	2.247)	/	32.213
	=	0.07

FirstWave Cloud Technology's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(2.413	+	0)	/	30.608
	=	0.08

FirstWave Cloud Technology (ASX:FCT) 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.

FirstWave Cloud Technology Debt-to-Equity Related Terms

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FirstWave Cloud Technology Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

132 Arthur Street, Level 14, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.firstwave.com

FirstWave Cloud Technology Ltd is engaged in the development and sale of internet security software. The products of the company include NMIS which is a open source network management software, CyberCision Platform, Email security, Web security among others. The company has one reportable segment being the development and sale of internet security software.