Grid Dynamics Holdings (Grid Dynamics Holdings) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Grid Dynamics Holdings Debt-to-Equity?

Grid Dynamics Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.2 Mil. Grid Dynamics Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.8 Mil. Grid Dynamics Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $382.9 Mil. Grid Dynamics Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

GDYN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.03
Current: 0.03

During the past 7 years, the highest Debt-to-Equity Ratio of Grid Dynamics Holdings was 0.03. The lowest was 0.02. And the median was 0.03.

GDYN's Debt-to-Equity is ranked better than
86.49% of 2220 companies
in the Software industry
Industry Median: 0.21 vs GDYN: 0.03

Grid Dynamics Holdings Debt-to-Equity Historical Data

The historical data trend for Grid Dynamics 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.

* Premium members only.

Grid Dynamics Holdings Debt-to-Equity Chart

Grid Dynamics Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.03

Grid Dynamics Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.03	0.03	0.03	0.03

Competitive Comparison of Grid Dynamics Holdings's Debt-to-Equity

For the Information Technology Services subindustry, Grid Dynamics 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.

Grid Dynamics Holdings's Debt-to-Equity Distribution in the Software Industry

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

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

Grid Dynamics Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grid Dynamics Holdings'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
	=	(4.235	+	6.761)	/	382.907
	=	0.03

Grid Dynamics Holdings's Debt to Equity Ratio for the quarter 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
	=	(4.235	+	6.761)	/	382.907
	=	0.03

Grid Dynamics Holdings (NAS:GDYN) 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.

Grid Dynamics Holdings Debt-to-Equity Related Terms

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

Grid Dynamics Holdings (Grid Dynamics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Grid Dynamics Holdings Inc (NAS:GDYN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5000 Executive Parkway, Suite 520, San Ramon, CA, USA, 94583

Website

https://www.griddynamics.com

Grid Dynamics Holdings Inc provides enterprise-level digital transformation in the areas of search, analytics, and release automation to Fortune 1000 companies. The company delivers tailored solutions in several industry verticals like Tech, Media and Telecom, Retail, Finance and Consumer Packaged goods (CPG)/manufacturing. Geographically company earns revenue from North America, Europe and other regions.

Executives

Leonard Livschitz	director, officer: Chief Executive Officer	C/O GRID DYNAMICS HOLDINGS INC, 5000 EXECUTIVE PARKWAY SUITE 250, SAN RAMON CA 94583
Anil Doradla	officer: Chief Financial Officer	C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Patrick Nicolet	director	C/O GRID DYNAMICS HOLDINGS. INC., 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Lloyd Carney	director	C/O MICROMUSE INC, 139 TOWNSEND ST, SAN FRANCISCO CA 94107
Stan Klimoff	officer: VP of Corporate Development	C/O GRID DYNAMICS HOLDINGS, INC., 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Eric Benhamou	director	350 CAMPUS DRIVE, MARLBOROUGH MA 01752
Shuo Zhang	director	5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Yueou Wang	director	5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Marina Levinson	director	C/O ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, SUITE 500, PLEASANTON CA 94588
Vadim Kozyrkov	officer: SVP of Engineering	C/O GRID DYNAMICS HOLDINGS INC, 5000 EXECUTIVE PARKWAY SUITE 520, SAN RAMON CA 94583
Beijing Teamsun Technology Co. Ltd.	10 percent owner	ROOM 501, 5/F., NO. 23 BUILDING, 10 E.BLOCK XIBEIWANG E. RD, HAIDIAN DIST, BEIJING F4 0000000
Automated Systems Holdings Ltd	10 percent owner	15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000
Teamsun Technology (hk) Ltd	10 percent owner	UNIT 907, 9TH FLOOR, TAI YAU BUILDING, 181 JOHNSTON ROAD, WANCHAI K3 00000
Gdd International Holding Co	10 percent owner	15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000
Gdb International Investment Ltd	10 percent owner	15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000