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SpendaASX:SPX Debt-to-Equity is 0.49 as of Dec. 2025, which is 1125% above its 10-year median of 0.04. The stock has 6 warning signs investors should review. Among 2,245 Software companies, Spenda ranks worse than 70.11% 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 Spenda's Debt-to-Equity or its related term are showing as below:
ASX:SPX'
s Debt-to-Equity Range Over the Past 10 Years
Min: -1.89 Med: 0.04 Max: 3.5
Current: 0.49
During the past 13 years, the highest Debt-to-Equity Ratio of Spenda was 3.50. The lowest was -1.89. And the median was 0.04.
ASX:SPX's Debt-to-Equity is ranked worse than 70.11% of 2245
companies
in the Software industry
Industry Median: 0.19
vs ASX:SPX: 0.49
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.
Spenda Debt-to-Equity Related Terms
Spenda Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Spenda'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.
ASX:SPX vs MSFT, ORCL, PLTR: Debt-to-Equity Comparison
For the Software - Infrastructure subindustry, Spenda'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.
Spenda Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, Spenda's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Spenda'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.
Spenda (ASX:SPX) has a Debt-to-Equity of 0.49 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Spenda and its competitors. This is 1125% above median its historical median of 0.04. According to the industry distribution chart, Spenda ranks #1574 out of 2245 companies in the Software industry, placing it in the top 70.1%.
Is Spenda's Debt-to-Equity too high?
Spenda's current Debt-to-Equity of 0.49 is 1125% above median its 10-year median of 0.04. The Software industry median Debt-to-Equity is 0.19. Spenda's value of 0.49 is 157.9% above this industry median. Based on the distribution chart, Spenda ranks #1574 out of 2245 companies in the Software industry, which is below the industry midpoint.
How does Spenda's Debt-to-Equity compare to MSFT and ORCL?
According to the Software industry distribution chart, Spenda ranks #1574 out of 2245 companies for Debt-to-Equity. This places Spenda in the lower half of its industry. The industry median Debt-to-Equity is 0.19. Spenda's value of 0.49 is 157.9% above this benchmark. While the company's 10-year median is 0.04 vs. the industry median of 0.19, Spenda 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 2,245 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. Spenda's current Debt-to-Equity of 0.49 is 157.9% 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 Spenda 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. Spenda's current Debt-to-Equity is 0.49, which is 1125% above median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spenda stock overvalued right now?
Based on GuruFocus' analysis, Spenda (ASX:SPX) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.13, compared to a current price of A$0.00 — trading 96.9% below its estimated fair value. The current Debt-to-Equity is 0.49, which is 1125% above median its 10-year median of 0.04 and 157.9% above 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 Spenda (ASX:SPX), the current Debt-to-Equity is 0.49 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.
Spenda Ltd is engaged in B2B software applications, flexible payment and lending solutions, and integration services that help improve the way businesses trade and get paid. The company provides solutions that include Online Marketplaces Franchise Groups, Wholesalers and Manufacturers and Retailers and Service Providers. Its operating segments are SaaS and Payments, which include Payments Provision of software as a service to business customers and merchant payment services; Lending, which includes Provision of lending services to business customers; and Unallocated.
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