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FirstWave Cloud TechnologyASX:FCT -6.67% Debt-to-Equity is 0.13 as of Dec. 2025, which is 333% above its 10-year median of 0.03. The stock has 6 warning signs investors should review. Among 2,241 Software companies, FirstWave Cloud Technology ranks better than 59.26% on this metric.
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 Med: 0.03 Max: 0.13
Current: 0.13
During the past 13 years, the highest Debt-to-Equity Ratio of FirstWave Cloud Technology was 0.13. The lowest was 0.00. And the median was 0.03.
ASX:FCT's Debt-to-Equity is ranked better than 59.26% of 2241
companies
in the Software industry
Industry Median: 0.19
vs ASX:FCT: 0.13
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
FirstWave Cloud Technology Debt-to-Equity Historical Data
* 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.
ASX:FCT vs MSFT, ORCL, PLTR: Debt-to-Equity Comparison
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 Debt-to-Equity vs 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.
* 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.
FirstWave Cloud Technology (ASX:FCT) has a Debt-to-Equity of 0.13 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on FirstWave Cloud Technology and its competitors. This is 333% above median its historical median of 0.03. According to the industry distribution chart, FirstWave Cloud Technology ranks #913 out of 2241 companies in the Software industry, placing it in the top 40.7%.
Is FirstWave Cloud Technology's Debt-to-Equity too high?
FirstWave Cloud Technology's current Debt-to-Equity of 0.13 is 333% above median its 10-year median of 0.03. The Software industry median Debt-to-Equity is 0.19. FirstWave Cloud Technology's value of 0.13 is 31.6% below this industry median. Based on the distribution chart, FirstWave Cloud Technology ranks #913 out of 2241 companies in the Software industry, which is above the industry midpoint.
How does FirstWave Cloud Technology's Debt-to-Equity compare to MSFT and ORCL?
According to the Software industry distribution chart, FirstWave Cloud Technology ranks #913 out of 2241 companies for Debt-to-Equity. This puts FirstWave Cloud Technology in the upper half of its industry. The industry median Debt-to-Equity is 0.19. FirstWave Cloud Technology's value of 0.13 is 31.6% below this benchmark. While the company's 10-year median is 0.03 vs. the industry median of 0.19, FirstWave Cloud Technology has consistently been below 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 2,241 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. FirstWave Cloud Technology's current Debt-to-Equity of 0.13 is 31.6% below 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 FirstWave Cloud 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. FirstWave Cloud Technology's current Debt-to-Equity is 0.13, which is 333% above median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FirstWave Cloud Technology stock overvalued right now?
Based on GuruFocus' analysis, FirstWave Cloud Technology (ASX:FCT) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.01, compared to a current price of A$0.01 — trading 30% below its estimated fair value. The current Debt-to-Equity is 0.13, which is 333% above median its 10-year median of 0.03 and 31.6% below the Software industry median of 0.19. 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 FirstWave Cloud Technology (ASX:FCT), the current Debt-to-Equity is 0.13 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.
FirstWave Cloud Technology Ltd is a technology company offering a comprehensive end-to-end solution for network discovery, management, and cybersecurity by developing and selling network monitoring and internet security software. Its product offerings include NMIS9 (Network Management Information System), Secure Traffic Manager Platform, CyberCision Platform, and Open-Audit (a network auditing discovery solution), among others. The company mainly caters to the needs of MSPs and service providers, government entities, and enterprises. It has only one reportable segment, being the development and sale of software. Geographically, the company generates maximum revenue from its business in Australia, followed by the USA and Canada, Latin America, and the Rest of the world.
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