CDW (CDW) Debt-to-Equity

: 2.84 (As of Dec. 2023)

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CDW's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $613 Mil. CDW's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,196 Mil. CDW's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,043 Mil. CDW's debt to equity for the quarter that ended in Dec. 2023 was 2.84.

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

CDW' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.84 Med: 3.34 Max: 10.42
Current: 2.84

During the past 13 years, the highest Debt-to-Equity Ratio of CDW was 10.42. The lowest was 2.84. And the median was 3.34.

CDW's Debt-to-Equity is ranked worse than
95.41% of 2221 companies
in the Software industry
Industry Median: 0.21 vs CDW: 2.84

CDW Debt-to-Equity Historical Data

The historical data trend for CDW'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.

* Premium members only.

CDW Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

3.99

3.52

10.42

3.80

2.84

CDW Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																3.80	4.14	4.06	3.24	2.84

Competitive Comparison

For the Information Technology Services subindustry, CDW'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.

CDW Debt-to-Equity Distribution

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

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

CDW Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CDW's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(613.1	+	5195.8)	/	2042.5
	=	2.84

CDW's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(613.1	+	5195.8)	/	2042.5
	=	2.84

CDW (NAS:CDW) 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.

CDW Debt-to-Equity Related Terms

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

CDW (CDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CDW Corp (NAS:CDW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CDW:Germany C1DW34:Brazil

Address

75 Tri-State International, Lincolnshire, Chicago, IL, USA, 60069

Website

https://www.cdw.com

CDW Corp is a value-added reseller operating in the U.S. (95% of sales) and Canada (5%). The company has more than 100,000 products on its line of cards that range from notebooks to data center software. Roughly half of CDW's revenue comes from midsize and large businesses, with the remaining from small businesses, government agencies, education institutions, and health-care organizations.

Executives

Christina M Corley	officer: See Remarks	780 AEC DRIVE, WOOD DALE IL 60191
Christine A Leahy	officer: See Remarks
Kelly J Grier	director	155 HARLEM AVE., GLENVIEW IL 60025
Donna F Zarcone	director	C/O HARLEY DAVIDSON, 3700 W. JUNEAU AVE, MILWAUKEE WI 53208
Marc Ellis Jones	director	C/O GARDNER DENVER HOLDINGS, INC., 222 EAST ERIE STREET, MILWAUKEE WI 53202
Carolyn Wiesenhahn	officer: See Remarks	200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Peter R Locy	officer: See Remarks	200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Miralles Albert Joseph Jr	officer: See Remarks	151 N. FRANKLIN, CHICAGO IL 60606
Paul J Finnegan	director, 10 percent owner	PO BOX 2000, 3905 DAKOTA STREET SW, ALEXANDRIA MN 56308
Kebo Collin B.	officer: See Remarks	200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Frederick J. Kulevich	officer: See Remarks	200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Sanjay Mehrotra	director	C/O WESTERN DIGITAL CORPORATION, 3355 MICHELSON DRIVE, SUITE 100, IRVINE CA 92612
Anthony R Foxx	director	2710 WYCLIFF ROAD, RALEIGH NC 27607
Ilaria Mocciaro	officer: See Remarks	2301 PATRIOT BLVD, GLENVIEW IL 60026
Matthew A. Troka	officer: See Remarks	200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061