SmartPay Holdings (NZSE:SPY) Debt-to-Equity : 0.31 (As of Mar. 2024)

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What is SmartPay Holdings Debt-to-Equity?

SmartPay Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$1.69 Mil. SmartPay Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$14.28 Mil. SmartPay Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NZ$52.40 Mil. SmartPay Holdings's debt to equity for the quarter that ended in Mar. 2024 was 0.30.

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

NZSE:SPY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 1.75 Max: 3.01
Current: 0.31

During the past 13 years, the highest Debt-to-Equity Ratio of SmartPay Holdings was 3.01. The lowest was 0.31. And the median was 1.75.

NZSE:SPY's Debt-to-Equity is ranked worse than
59.23% of 2205 companies
in the Software industry
Industry Median: 0.2 vs NZSE:SPY: 0.31

SmartPay Holdings Debt-to-Equity Historical Data

The historical data trend for SmartPay 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.

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SmartPay Holdings Debt-to-Equity Chart

SmartPay Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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3.01

0.68

0.47

0.35

0.31

SmartPay Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.47	0.26	0.35	0.21	0.31

Competitive Comparison of SmartPay Holdings's Debt-to-Equity

For the Software - Infrastructure subindustry, SmartPay 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.

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

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

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

SmartPay Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SmartPay Holdings'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
	=	(1.694	+	14.281)	/	52.396
	=	0.30

SmartPay Holdings'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
	=	(1.694	+	14.281)	/	52.396
	=	0.30

SmartPay Holdings (NZSE:SPY) 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.

SmartPay Holdings Debt-to-Equity Related Terms

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SmartPay Holdings (NZSE:SPY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SmartPay Holdings Ltd (NZSE:SPY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SMP:Australia

Address

205-209 Wairau Road, Wairau Valley, Auckland, NZL, 0627

Website

https://www.smartpay.co.nz

SmartPay Holdings Ltd is engaged in the provision of payment solutions. It offers an electronic funds transfer at point of sale (EFTPOS) system. Its products include EFTPOS applications, Smartpay Labs, EFTPOS terminals, and mobile EFTPOS machines. The company designs develops and implements payment solutions for customers in New Zealand and Australia. It also licenses its technologies to third parties. The firm's majority of revenue comes from New Zealand.