Trade Window Holdings (ASX:TWL) Debt-to-Equity: 0.04 (As of Mar. 2026) — 76% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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:TWL Trade Window Holdings Ltd ASX:TWL
4 GF Score
Price A$0.13
GF Value A$0.28
Valuation Possible Value Trap
! 1 Warning Sign
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What is Trade Window Holdings Debt-to-Equity?

Trade Window Holdings ASX:TWL +8.70% 4 Debt-to-Equity is 0.04 as of Mar. 2026, which is 76% below its 10-year median of 0.17. GuruFocus rates ASX:TWL with a GF Score™ of 4/100 and a GF Value™ of A$0.28 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 2,246 Software companies, Trade Window Holdings ranks better than 81.26% on this metric.

Trade Window Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was A$0.20 Mil. Trade Window Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was A$0.19 Mil. Trade Window Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2026 was A$10.40 Mil. Trade Window Holdings's debt to equity for the quarter that ended in Mar. 2026 was 0.04.

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 Trade Window Holdings's Debt-to-Equity or its related term are showing as below:

ASX:TWL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04   Med: 0.17   Max: 0.34
Current: 0.04

During the past 5 years, the highest Debt-to-Equity Ratio of Trade Window Holdings was 0.34. The lowest was 0.04. And the median was 0.17.

ASX:TWL's Debt-to-Equity is ranked better than
81.26% of 2246 companies
in the Software industry
Industry Median: 0.19 vs ASX:TWL: 0.04

Trade Window Holdings  (ASX:TWL) 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.


Trade Window Holdings Debt-to-Equity Related Terms


Trade Window Holdings Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Trade Window Holdings'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.

Trade Window Holdings Debt-to-Equity Chart

Trade Window Holdings Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
0.34 0.17 0.17 0.18 0.04

Trade Window Holdings Semi-Annual Data
Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only 0.17 0.17 0.18 0.15 0.04

ASX:TWL vs QH, SHOP, UBER: Debt-to-Equity Comparison

For the Software - Application subindustry, Trade Window Holdings'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.


Trade Window Holdings Debt-to-Equity vs Software Industry

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

* The bar in red indicates where Trade Window Holdings's Debt-to-Equity falls into.


ASX:TWL
4GF Score
Trade Window Holdings Ltd ASX:TWL
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Trade Window Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trade Window Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Trade Window Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 2026 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 0.04 mean?
Trade Window Holdings (ASX:TWL) has a Debt-to-Equity of 0.04 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Trade Window Holdings and its competitors. This is 76% below median its historical median of 0.17. Over the past decade, Trade Window Holdings' Debt-to-Equity has ranged from 0.04 to 0.34. According to the industry distribution chart, Trade Window Holdings ranks #421 out of 2246 companies in the Software industry, placing it in the top 18.7%.
Is Trade Window Holdings' Debt-to-Equity too high?
Trade Window Holdings' current Debt-to-Equity of 0.04 is 76% below median its 10-year median of 0.17. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.34. The Software industry median Debt-to-Equity is 0.19. Trade Window Holdings' value of 0.04 is 78.9% below this industry median. Based on the distribution chart, Trade Window Holdings ranks #421 out of 2246 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Trade Window Holdings has a GF Score™ of 4/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Trade Window Holdings' Debt-to-Equity compare to QH and SHOP?
According to the Software industry distribution chart, Trade Window Holdings ranks #421 out of 2246 companies for Debt-to-Equity. This places Trade Window Holdings in the top 19% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.19. Trade Window Holdings' value of 0.04 is 78.9% below this benchmark. Historically, Trade Window Holdings' own Debt-to-Equity has ranged from 0.04 to 0.34 over the past decade. While the company's 10-year median is 0.17 vs. the industry median of 0.19, Trade Window Holdings 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 2,246 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. Trade Window Holdings's current Debt-to-Equity of 0.04 is 78.9% 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 Trade Window Holdings 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. Trade Window Holdings's current Debt-to-Equity is 0.04, which is 76% below median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trade Window Holdings stock overvalued right now?
Based on GuruFocus' analysis, Trade Window Holdings (ASX:TWL) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.28, compared to a current price of A$0.13 — trading 55.4% below its estimated fair value. The current Debt-to-Equity is 0.04, which is 76% below median its 10-year median of 0.17 and 78.9% below the Software industry median of 0.19. Trade Window Holdings' overall GF Score™ is 4/100 with 1 warning sign 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 Trade Window Holdings (ASX:TWL), the current Debt-to-Equity is 0.04 as of Mar. 2026. 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 Trade Window Holdings (ASX:TWL) Overvalued in 2026?

Based on GuruFocus' analysis, Trade Window Holdings stock appears to be undervalued. The current stock price of A$0.13 is trading 55.4% below its estimated GF Value™ of A$0.28. GuruFocus considers Trade Window Holdings to be Possible Value Trap.

Key valuation signals for ASX:TWL:

  • Debt-to-Equity: 0.04 (76% below median its 10-year median of 0.17)
  • GF Value™: A$0.28 vs. price of A$0.13 (55.4% below fair value)
  • GF Score™: 4/100 with 1 warning sign
  • Industry Position: 78.9% below the Software median (#421 of 2246)

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


Trade Window Holdings Business Description

Other Exchanges TWL:New Zealand
Address 31 Northcroft Street, Suite 4, The Maison, Takapuna, Auckland, NZL, 0622
Trade Window Holdings Ltd develops and commercializes technology solutions that provide international trade participants with a secure platform and tools to establish trust and trade globally in an efficient manner across interconnected networks. The company's platform Cube connects the commercial, financial, logistics, and government data silos that make up interanational supply chains.
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A$0.13
Price
A$0.28
GF Value