ReadCloud (ASX:RCL) Debt-to-Equity : 0.02 (As of Sep. 2023)

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What is ReadCloud Debt-to-Equity?

ReadCloud's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$0.13 Mil. ReadCloud's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$0.09 Mil. ReadCloud's Total Stockholders Equity for the quarter that ended in Sep. 2023 was A$9.67 Mil. ReadCloud's debt to equity for the quarter that ended in Sep. 2023 was 0.02.

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

ASX:RCL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.06
Current: 0.02

During the past 7 years, the highest Debt-to-Equity Ratio of ReadCloud was 0.06. The lowest was 0.02. And the median was 0.04.

ASX:RCL's Debt-to-Equity is ranked better than
92.18% of 2224 companies
in the Software industry
Industry Median: 0.21 vs ASX:RCL: 0.02

ReadCloud Debt-to-Equity Historical Data

The historical data trend for ReadCloud'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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ReadCloud Debt-to-Equity Chart

ReadCloud Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Sep22

Sep23

Debt-to-Equity

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0.04

0.06

0.04

0.02

ReadCloud Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						0.06	0.02	0.04	0.03	0.02

Competitive Comparison of ReadCloud's Debt-to-Equity

For the Software - Application subindustry, ReadCloud'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.

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

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

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

ReadCloud Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ReadCloud's Debt to Equity Ratio for the fiscal year 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
	=	(0.131	+	0.092)	/	9.671
	=	0.02

ReadCloud'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
	=	(0.131	+	0.092)	/	9.671
	=	0.02

ReadCloud (ASX:RCL) 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.

ReadCloud Debt-to-Equity Related Terms

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

ReadCloud (ASX:RCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReadCloud Ltd (ASX:RCL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

126 Church Street, Level 1, Brighton, VIC, AUS, 3186

Website

https://www.readcloud.com

ReadCloud Ltd is an education technology company that offers digital e-learning solutions to secondary schools. The firm operates in two segments: eBook solutions, which is the key revenue driver, and Vocational Education and Training (VET). It provides software solutions, including eBooks, to schools within Australia. In addition, it also provides digital VET course materials and services to schools through its subsidiary Australian Institute of Education and Training Unit Trust, PKY Media Pty Ltd and Ripponlea Institute Pty Ltd, which offers over 40 VET courses and services to schools across Australia.