Checkit (LSE:CKT) Debt-to-Equity : 0.03 (As of Jan. 2024)

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What is Checkit Debt-to-Equity?

Checkit's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was £0.20 Mil. Checkit's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was £0.30 Mil. Checkit's Total Stockholders Equity for the quarter that ended in Jan. 2024 was £14.60 Mil. Checkit's debt to equity for the quarter that ended in Jan. 2024 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 Checkit's Debt-to-Equity or its related term are showing as below:

LSE:CKT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.3
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Checkit was 0.30. The lowest was 0.02. And the median was 0.04.

LSE:CKT's Debt-to-Equity is ranked better than
86.76% of 2205 companies
in the Software industry
Industry Median: 0.2 vs LSE:CKT: 0.03

Checkit Debt-to-Equity Historical Data

The historical data trend for Checkit'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.

Checkit Debt-to-Equity Chart

Checkit Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

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0.04

0.03

0.02

0.03

Checkit Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.03	0.03	0.03	0.03

Competitive Comparison of Checkit's Debt-to-Equity

For the Software - Application subindustry, Checkit'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.

Checkit's Debt-to-Equity Distribution in the Software Industry

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

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

Checkit Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Checkit's Debt to Equity Ratio for the fiscal year that ended in Jan. 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
	=	(0.2	+	0.3)	/	14.6
	=	0.03

Checkit's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(0.2	+	0.3)	/	14.6
	=	0.03

Checkit (LSE:CKT) 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.

Checkit Debt-to-Equity Related Terms

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

Checkit (LSE:CKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Checkit PLC (LSE:CKT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

JJ Thomson Avenue, Broers Building, Cambridge, GBR, CB3 0FA

Website

https://www.checkit.net

Checkit PLC is a real-time operation management software company engaged in providing intelligent operations management platforms for desk less workforces, enabling operational agility and intelligent decision-making in large multinational and complex national organizations. The company's subscription business model offers optional plugins for smart sensor networks and workflow task management. Its solutions apply digital tools and monitoring to transform workforce management and incorporate physical assets into a digital ecosystem using Internet of Things (IoT) sensors and monitoring devices. The company has two operating segments; the United Kingdom, and The Americas. It derives a majority of its revenue from the United Kingdom.

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