8Common (ASX:8CO) Debt-to-Equity : 0.00 (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is 8Common Debt-to-Equity?

8Common's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. 8Common's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. 8Common's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$1.05 Mil. 8Common's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 8Common's Debt-to-Equity or its related term are showing as below:

During the past 9 years, the highest Debt-to-Equity Ratio of 8Common was 0.41. The lowest was 0.14. And the median was 0.28.

ASX:8CO's Debt-to-Equity is not ranked ^*
in the Software industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

8Common Debt-to-Equity Historical Data

The historical data trend for 8Common'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.

8Common Debt-to-Equity Chart

8Common Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

8Common Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial														-	-	-	-	-

Competitive Comparison of 8Common's Debt-to-Equity

For the Software - Application subindustry, 8Common'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.

8Common's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, 8Common's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 8Common's Debt-to-Equity falls into.

8Common Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

8Common's Debt to Equity Ratio for the fiscal year that ended in Jun. 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	+	0)	/	3.049
	=	0.00

8Common'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
	=	(0	+	0)	/	1.05
	=	0.00

8Common (ASX:8CO) 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.

8Common Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of 8Common's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

8Common (ASX:8CO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 8Common Ltd (ASX:8CO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 George Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.8common.com

8Common Ltd is engaged in the business of developing and distributing software. The company distributes two software solutions - expense8, and perform8. Its only operating segment is Productivity and Performance. Expense8 is a Travel and Expense management software solution that manages and streamlines the end-to-end processing of employee-generated expenses. Its Perform8 is a survey and action planning solution that diagnoses and prioritizes areas for improvement across the business. The company's newest software solution is CardHero: which is an integrated fund disbursement and spend management solution.

8Common (ASX:8CO) Headlines

No Headlines