Sirma Group Holding JSC (XBUL:SGH) Debt-to-Equity : 0.04 (As of Sep. 2023)

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What is Sirma Group Holding JSC Debt-to-Equity?

Sirma Group Holding JSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was лв1.25 Mil. Sirma Group Holding JSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was лв1.43 Mil. Sirma Group Holding JSC's Total Stockholders Equity for the quarter that ended in Sep. 2023 was лв77.62 Mil. Sirma Group Holding JSC's debt to equity for the quarter that ended in Sep. 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 Sirma Group Holding JSC's Debt-to-Equity or its related term are showing as below:

XBUL:SGH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.2 Max: 0.36
Current: 0.04

During the past 10 years, the highest Debt-to-Equity Ratio of Sirma Group Holding JSC was 0.36. The lowest was 0.03. And the median was 0.20.

XBUL:SGH's Debt-to-Equity is ranked better than
82.08% of 2216 companies
in the Software industry
Industry Median: 0.21 vs XBUL:SGH: 0.04

Sirma Group Holding JSC Debt-to-Equity Historical Data

The historical data trend for Sirma Group Holding JSC'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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Sirma Group Holding JSC Debt-to-Equity Chart

Sirma Group Holding JSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.23

0.32

0.35

0.17

Sirma Group Holding JSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.15	0.17	0.13	0.03	0.04

Competitive Comparison of Sirma Group Holding JSC's Debt-to-Equity

For the Software - Application subindustry, Sirma Group Holding JSC'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.

Sirma Group Holding JSC's Debt-to-Equity Distribution in the Software Industry

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

* The bar in red indicates where Sirma Group Holding JSC's Debt-to-Equity falls into.

Sirma Group Holding JSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sirma Group Holding JSC's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(5.841	+	8.994)	/	85.387
	=	0.17

Sirma Group Holding JSC's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1.253	+	1.426)	/	77.618
	=	0.03

Sirma Group Holding JSC (XBUL:SGH) 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.

Sirma Group Holding JSC Debt-to-Equity Related Terms

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

Sirma Group Holding JSC (XBUL:SGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sirma Group Holding JSC (XBUL:SGH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 Tsarigradsko Shosse, Area Mladost, Sofia, BGR, 1784

Website

https://www.sirma.com

Sirma Group Holding JSC specializes in information technologies and software development, system integration and software implementation. The company develops semantic platforms and solutions, cognitive software business solutions, industrial applications, mobile platforms and applications, ERP software, solutions and services for the financial industry, payment services, e-government platform and services.