Adacel Technologies (ASX:ADA) Debt-to-Equity : 0.98 (As of Dec. 2023)

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What is Adacel Technologies Debt-to-Equity?

Adacel Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$5.96 Mil. Adacel Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$6.96 Mil. Adacel Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$13.14 Mil. Adacel Technologies's debt to equity for the quarter that ended in Dec. 2023 was 0.98.

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

ASX:ADA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.33 Max: 0.98
Current: 0.98

During the past 13 years, the highest Debt-to-Equity Ratio of Adacel Technologies was 0.98. The lowest was 0.00. And the median was 0.33.

ASX:ADA's Debt-to-Equity is ranked worse than
85.37% of 2215 companies
in the Software industry
Industry Median: 0.21 vs ASX:ADA: 0.98

Adacel Technologies Debt-to-Equity Historical Data

The historical data trend for Adacel Technologies'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.

Adacel Technologies Debt-to-Equity Chart

Adacel Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.49

0.38

0.28

0.34

Adacel Technologies Semi-Annual Data
	Jun14	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															0.38	0.28	0.31	0.34	0.98

Competitive Comparison of Adacel Technologies's Debt-to-Equity

For the Software - Application subindustry, Adacel Technologies'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.

Adacel Technologies's Debt-to-Equity Distribution in the Software Industry

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

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

Adacel Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Adacel Technologies'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
	=	(1.404	+	4.103)	/	16.068
	=	0.34

Adacel Technologies'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
	=	(5.963	+	6.958)	/	13.14
	=	0.98

Adacel Technologies (ASX:ADA) 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.

Adacel Technologies Debt-to-Equity Related Terms

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Adacel Technologies (ASX:ADA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Adacel Technologies Ltd (ASX:ADA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AELTF:USA

Address

3 Westside Avenue, Unit 29, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.adacel.com

Adacel Technologies Ltd develops and sells simulation and control systems. The company's operating segment includes Systems and Services. It generates maximum revenue from the Services segment. The Services segment includes software maintenance and all aspects of system support, field services, and on-site technical services. Its Systems segment includes operational air traffic management as well as simulation and training applications. Geographically, it derives a majority of its revenue from Canada and also has a presence in the USA Estonia and Australia.

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