ReadyTech Holdings (ASX:RDY) Debt-to-Revenue : 0.44 (As of Dec. 2023)

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What is ReadyTech Holdings Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

ReadyTech Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.0 Mil. ReadyTech Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$47.0 Mil. ReadyTech Holdings's annualized Revenue for the quarter that ended in Dec. 2023 was A$109.5 Mil. ReadyTech Holdings's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 was 0.44.

ReadyTech Holdings Debt-to-Revenue Historical Data

The historical data trend for ReadyTech Holdings's Debt-to-Revenue 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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ReadyTech Holdings Debt-to-Revenue Chart

ReadyTech Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Revenue

0.72

0.67

0.48

0.50

ReadyTech Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Revenue	Get a 7-Day Free Trial						0.51	0.44	0.53	0.47	0.44

Competitive Comparison of ReadyTech Holdings's Debt-to-Revenue

For the Software - Application subindustry, ReadyTech Holdings's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

ReadyTech Holdings's Debt-to-Revenue Distribution in the Software Industry

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

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

ReadyTech Holdings Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

ReadyTech Holdings's Debt-to-Revenue for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(1.229	+	50.881)	/	103.306
	=	0.50

ReadyTech Holdings's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.968	+	46.984)	/	109.452
	=	0.44

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is two times the quarterly (Dec. 2023) Revenue data.

ReadyTech Holdings Debt-to-Revenue Related Terms

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ReadyTech Holdings (ASX:RDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReadyTech Holdings Ltd (ASX:RDY) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 King Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.readytech.com.au

ReadyTech Holdings Ltd is a provider of people management software for educators, employers, and facilitators of career transitions. Its products are JR Plus, A2E, HR3, ePayroll, JR Gov, Aussiepay, and others. The company's operating segments include Education and Work pathways, Workforce Solutions, and Government and Justice. It generates maximum revenue from the Education segment. The education segment mainly provides products and services to tertiary education providers. Its Workforce segment provides products and services to a mid-sized company across various industries. The Government division provides government and justice case management software as a service solution to local governments, state governments and justice departments.