Credit Clear (ASX:CCR) Debt-to-Equity : 0.09 (As of Dec. 2023)

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What is Credit Clear Debt-to-Equity?

Credit Clear's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.77 Mil. Credit Clear's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$3.71 Mil. Credit Clear's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$61.21 Mil. Credit Clear's debt to equity for the quarter that ended in Dec. 2023 was 0.09.

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

ASX:CCR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.11
Current: 0.09

During the past 4 years, the highest Debt-to-Equity Ratio of Credit Clear was 0.11. The lowest was 0.03. And the median was 0.07.

ASX:CCR's Debt-to-Equity is ranked better than
67.42% of 2207 companies
in the Software industry
Industry Median: 0.21 vs ASX:CCR: 0.09

Credit Clear Debt-to-Equity Historical Data

The historical data trend for Credit Clear'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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Credit Clear Debt-to-Equity Chart

Credit Clear Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.06

0.07

0.03

0.08

Credit Clear Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.05	0.03	0.11	0.08	0.09

Competitive Comparison of Credit Clear's Debt-to-Equity

For the Information Technology Services subindustry, Credit Clear'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.

Credit Clear's Debt-to-Equity Distribution in the Software Industry

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

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

Credit Clear Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Credit Clear'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
	=	(1.032	+	4.106)	/	61.287
	=	0.08

Credit Clear'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
	=	(1.766	+	3.71)	/	61.21
	=	0.09

Credit Clear (ASX:CCR) 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.

Credit Clear Debt-to-Equity Related Terms

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

Credit Clear (ASX:CCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Credit Clear Ltd (ASX:CCR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 11, 41-43 Bourke Road, Alexandria, NSW, AUS, 2015

Website

https://www.creditclear.com.au

Credit Clear Ltd is engaged in the business of providing financial services. The company specializes in receivables management solutions. Its segments include Collections and Legal Services. The company generates maximum revenue from the Collections segment. Geographically, it derives a majority of its revenue from Australia.