TASK Group Holdings (ASX:TSK) Debt-to-Equity : 0.05 (As of Sep. 2023)

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What is TASK Group Holdings Debt-to-Equity?

TASK Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$1.15 Mil. TASK Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$4.49 Mil. TASK Group Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was A$125.85 Mil. TASK Group Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.04.

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

ASX:TSK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.15 Max: 0.37
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of TASK Group Holdings was 0.37. The lowest was 0.05. And the median was 0.15.

ASX:TSK's Debt-to-Equity is ranked better than
77.91% of 2214 companies
in the Software industry
Industry Median: 0.21 vs ASX:TSK: 0.05

TASK Group Holdings Debt-to-Equity Historical Data

The historical data trend for TASK Group 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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TASK Group Holdings Debt-to-Equity Chart

TASK Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.15

0.05

0.07

0.05

TASK Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.15	0.07	-	0.05	0.05

Competitive Comparison of TASK Group Holdings's Debt-to-Equity

For the Software - Application subindustry, TASK Group 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.

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

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

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

TASK Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TASK Group Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(1.371	+	4.983)	/	124.831
	=	0.05

TASK Group Holdings'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
	=	(1.147	+	4.487)	/	125.852
	=	0.04

TASK Group Holdings (ASX:TSK) 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.

TASK Group Holdings Debt-to-Equity Related Terms

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TASK Group Holdings (ASX:TSK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TASK Group Holdings Ltd (ASX:TSK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Graham Street, Level 2, Auckland, NZL, 1010

Website

https://TASKsoftware.com

TASK Group Holdings Ltd is a provider of technology solutions enabling its various hospitality clients to maximize their customer relationships in an increasingly digital world. TASK's end-to-end cloud-based platform helps clients to improve customer experiences across every transactional touchpoint, including digital customer-facing services, back-ofhouse and enterprise operations. The Group's ecosystem combines transaction services, personalisation, offer management and BI technology to help clients generate operational efficiencies, drive valuable data insights about their consumer base, activate new promotions and build brand loyalty.

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