CRGO (Freightos) Debt-to-Equity : 0.02 (As of Sep. 2024)

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What is Freightos Debt-to-Equity?

Freightos's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.70 Mil. Freightos's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.54 Mil. Freightos's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $63.59 Mil. Freightos's debt to equity for the quarter that ended in Sep. 2024 was 0.02.

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 Freightos's Debt-to-Equity or its related term are showing as below:

CRGO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.16
Current: 0.02

During the past 4 years, the highest Debt-to-Equity Ratio of Freightos was 0.16. The lowest was 0.01. And the median was 0.02.

CRGO's Debt-to-Equity is ranked better than
97.96% of 881 companies
in the Transportation industry
Industry Median: 0.54 vs CRGO: 0.02

Freightos Debt-to-Equity Historical Data

The historical data trend for Freightos'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.

Freightos Debt-to-Equity Chart

Freightos Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.13

0.05

0.16

0.02

Freightos Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial									0.01	0.02	0.02	0.02	0.02

Competitive Comparison of Freightos's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Freightos'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.

Freightos's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Freightos's Debt-to-Equity distribution charts can be found below:

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

Freightos Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Freightos'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
	=	(0.587	+	0.712)	/	72.042
	=	0.02

Freightos'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
	=	(0.697	+	0.538)	/	63.592
	=	0.02

Freightos (NAS:CRGO) 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.

Freightos Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Freightos's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Freightos Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Freightos Ltd (NAS:CRGO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Derech Agudat Sport HaPo’el, Technology Park Building 2, Jerusalem, ISR, 9695102

Website

https://www.freightos.com

Freightos Ltd operates as a vendor-neutral booking and payment platform for international freight. Its platform supports supply chain efficiency and agility by enabling real-time procurement of ocean and air shipping across more than ten thousand importers/exporters. forwarders, and dozens of airlines and ocean carriers. WebCargo by Freightos is a freight platform connecting carriers and forwarders in particular an air cargo eBooking platform. Freightos.com is a digital international freight marketplace for importers and exporters for instant pricing, booking, and shipment management. The company operates in two segments-Platform segment and Solutions segment. Geographically, the company operates in Europe, Hong Kong, United States which is majority revenue generator and others.