EROAD (NZSE:ERD) Debt-to-Equity : 0.14 (As of Mar. 2024)

View and export this data going back to 2014. Start your Free Trial

What is EROAD Debt-to-Equity?

EROAD's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$3.7 Mil. EROAD's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$39.2 Mil. EROAD's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NZ$303.0 Mil. EROAD's debt to equity for the quarter that ended in Mar. 2024 was 0.14.

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

NZSE:ERD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.23 Max: 0.81
Current: 0.14

During the past 9 years, the highest Debt-to-Equity Ratio of EROAD was 0.81. The lowest was 0.02. And the median was 0.23.

NZSE:ERD's Debt-to-Equity is ranked better than
58.1% of 2205 companies
in the Software industry
Industry Median: 0.2 vs NZSE:ERD: 0.14

EROAD Debt-to-Equity Historical Data

The historical data trend for EROAD'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.

EROAD Debt-to-Equity Chart

EROAD Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

0.81

0.38

0.15

0.31

0.14

EROAD Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial														0.15	0.21	0.31	0.21	0.14

Competitive Comparison of EROAD's Debt-to-Equity

For the Software - Infrastructure subindustry, EROAD'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.

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

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

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

EROAD Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EROAD's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(3.7	+	39.2)	/	303
	=	0.14

EROAD's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(3.7	+	39.2)	/	303
	=	0.14

EROAD (NZSE:ERD) 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.

EROAD Debt-to-Equity Related Terms

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

EROAD (NZSE:ERD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » EROAD Ltd (NZSE:ERD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ERDLF:USA ERD:Australia

Address

North Shore, P.O. Box 305394, Triton Plaza, Auckland, NTL, NZL, 0757

Website

https://www.eroad.com

EROAD Ltd is a New Zealand Based company which is a fully integrated technology, tolling and services provider. It designs and manufactures in-vehicle hardware operates secure payment and merchant gateways and offers web-based value-added services. The company provides electronic on-board units and software as a service to the transport industry. Its products are categorized in RUC Compliance, Health & Safety, and Fleet Management. It operates through four segments: Corporate & Development, North America, Australia, and New Zealand.

EROAD (NZSE:ERD) Headlines

No Headlines