CRAYF (Crayon Group Holding ASA) Debt-to-Equity : 1.18 (As of Sep. 2024)

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What is Crayon Group Holding ASA Debt-to-Equity?

Crayon Group Holding ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $61.8 Mil. Crayon Group Holding ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $261.9 Mil. Crayon Group Holding ASA's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $273.5 Mil. Crayon Group Holding ASA's debt to equity for the quarter that ended in Sep. 2024 was 1.18.

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 Crayon Group Holding ASA's Debt-to-Equity or its related term are showing as below:

CRAYF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.99 Max: 2.61
Current: 1.18

During the past 11 years, the highest Debt-to-Equity Ratio of Crayon Group Holding ASA was 2.61. The lowest was 0.40. And the median was 0.99.

CRAYF's Debt-to-Equity is ranked worse than
87.74% of 2210 companies
in the Software industry
Industry Median: 0.22 vs CRAYF: 1.18

Crayon Group Holding ASA Debt-to-Equity Historical Data

The historical data trend for Crayon Group Holding ASA'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.

Crayon Group Holding ASA Debt-to-Equity Chart

Crayon Group Holding ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.78

0.45

1.00

1.31

1.04

Crayon Group Holding ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.39	1.04	0.98	0.77	1.18

Competitive Comparison of Crayon Group Holding ASA's Debt-to-Equity

For the Information Technology Services subindustry, Crayon Group Holding ASA'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.

Crayon Group Holding ASA's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Crayon Group Holding ASA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Crayon Group Holding ASA's Debt-to-Equity falls into.

Crayon Group Holding ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Crayon Group Holding ASA's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(30.902	+	216.126)	/	236.696
	=	1.04

Crayon Group Holding ASA's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(61.849	+	261.894)	/	273.474
	=	1.18

Crayon Group Holding ASA (OTCPK:CRAYF) 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.

Crayon Group Holding ASA Debt-to-Equity Related Terms

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Crayon Group Holding ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Crayon Group Holding ASA (OTCPK:CRAYF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CRAYONo:Sweden CRAYN:Norway CRAYNo:UK 30X:Germany

Address

Gullhaug Torg 5, Oslo, NOR, 0484

Website

https://www.crayon.com

Crayon Group Holding ASA is an information technology advisory firm. The company operates in five business segments; Software & Cloud Direct is Crayon's license offering from software vendors, Software & Cloud Channel is Crayon's offering towards hosters, system integrators, and ISVs, which includes license advisory/optimization, software license sales and access to Crayons proprietary tools and IP, Software & Cloud Economics services include processes and tools for enabling clients to build in-house SAM (Software Asset Management) capabilities, license spend optimization and support for clients in vendor audits, and Consulting consists of cloud consulting and solutions consulting services.