Kermann IT Solutions Nyrt (BUD:KERMANNIT) Debt-to-Equity : 1.51 (As of Jun. 2023)

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What is Kermann IT Solutions Nyrt Debt-to-Equity?

Kermann IT Solutions Nyrt's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was Ft99 Mil. Kermann IT Solutions Nyrt's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was Ft835 Mil. Kermann IT Solutions Nyrt's Total Stockholders Equity for the quarter that ended in Jun. 2023 was Ft620 Mil. Kermann IT Solutions Nyrt's debt to equity for the quarter that ended in Jun. 2023 was 1.51.

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 Kermann IT Solutions Nyrt's Debt-to-Equity or its related term are showing as below:

BUD:KERMANNIT' s Debt-to-Equity Range Over the Past 10 Years
Min: -115.89 Med: 1.45 Max: 1.51
Current: 1.51

During the past 3 years, the highest Debt-to-Equity Ratio of Kermann IT Solutions Nyrt was 1.51. The lowest was -115.89. And the median was 1.45.

BUD:KERMANNIT's Debt-to-Equity is ranked worse than
91.41% of 2200 companies
in the Software industry
Industry Median: 0.2 vs BUD:KERMANNIT: 1.51

Kermann IT Solutions Nyrt Debt-to-Equity Historical Data

The historical data trend for Kermann IT Solutions Nyrt'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.

* Premium members only.

Kermann IT Solutions Nyrt Debt-to-Equity Chart

Kermann IT Solutions Nyrt Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

1.43

-115.89

1.47

Kermann IT Solutions Nyrt Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	1.43	-115.89	N/A	1.47	1.51

Competitive Comparison of Kermann IT Solutions Nyrt's Debt-to-Equity

For the Information Technology Services subindustry, Kermann IT Solutions Nyrt'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.

Kermann IT Solutions Nyrt's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Kermann IT Solutions Nyrt's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kermann IT Solutions Nyrt's Debt-to-Equity falls into.

Kermann IT Solutions Nyrt Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kermann IT Solutions Nyrt's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(119.651	+	539.758)	/	449.875
	=	1.47

Kermann IT Solutions Nyrt's Debt to Equity Ratio for the quarter 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
	=	(98.948	+	835.084)	/	620.41
	=	1.51

Kermann IT Solutions Nyrt (BUD:KERMANNIT) 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.

Kermann IT Solutions Nyrt Debt-to-Equity Related Terms

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Kermann IT Solutions Nyrt (BUD:KERMANNIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kermann IT Solutions Nyrt (BUD:KERMANNIT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Röppenty? u. 48, Budapest, HUN, H-1139

Website

https://www.kermann.hu

Kermann IT Solutions Nyrt is a IT solution company. It provides system integration services, IT support, IT consultancy, Network services, etc.

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