CLPS (CLPS) Debt-to-Equity : 0.29 (As of Dec. 2023)

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What is CLPS Debt-to-Equity?

CLPS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $16.9 Mil. CLPS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.9 Mil. CLPS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $64.1 Mil. CLPS's debt to equity for the quarter that ended in Dec. 2023 was 0.29.

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

CLPS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.14 Max: 0.29
Current: 0.29

During the past 8 years, the highest Debt-to-Equity Ratio of CLPS was 0.29. The lowest was 0.03. And the median was 0.14.

CLPS's Debt-to-Equity is ranked worse than
57.66% of 2213 companies
in the Software industry
Industry Median: 0.21 vs CLPS: 0.29

CLPS Debt-to-Equity Historical Data

The historical data trend for CLPS'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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CLPS Debt-to-Equity Chart

CLPS Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.11

0.08

0.13

0.22

0.18

CLPS Semi-Annual Data
	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											0.20	0.22	0.26	0.18	0.29

Competitive Comparison of CLPS's Debt-to-Equity

For the Information Technology Services subindustry, CLPS'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.

CLPS's Debt-to-Equity Distribution in the Software Industry

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

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

CLPS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CLPS'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
	=	(11.267	+	0.104)	/	64.581
	=	0.18

CLPS'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
	=	(16.93	+	1.906)	/	64.143
	=	0.29

CLPS (NAS:CLPS) 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.

CLPS Debt-to-Equity Related Terms

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

CLPS (CLPS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

1UK:Germany

Address

c/o Unit 1000, 10th Floor, Millennium City III, 378 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.clpsglobal.com

CLPS Inc is a holding company. The company through its subsidiaries provides information technology consulting and solutions institutions in banking, insurance, and financial sectors, both in China and globally. Its products are Risk Control Platform, Transaction Acquiring Platform, Debt Collection Platform, Virtual Bank Training Platform, Credit Card System, and other related products. The company generates its revenue from IT consulting service, Customized IT solution service, and other. Generating majority of its revenue from the IT consulting service.