Cyxtera Technologies (Cyxtera Technologies) Debt-to-Equity : 36.62 (As of Mar. 2023)

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What is Cyxtera Technologies Debt-to-Equity?

Cyxtera Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $86.3 Mil. Cyxtera Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $2,268.5 Mil. Cyxtera Technologies's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $64.3 Mil. Cyxtera Technologies's debt to equity for the quarter that ended in Mar. 2023 was 36.62.

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

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

Cyxtera Technologies Debt-to-Equity Historical Data

The historical data trend for Cyxtera 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.

Cyxtera Technologies Debt-to-Equity Chart

Cyxtera Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

4.14

3.11

6.08

Cyxtera Technologies Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial						3.35	3.64	4.04	6.08	36.62

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

For the Information Technology Services subindustry, Cyxtera 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.

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

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

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

Cyxtera Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cyxtera Technologies's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(132	+	2204)	/	384.3
	=	6.08

Cyxtera Technologies's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(86.3	+	2268.5)	/	64.3
	=	36.62

Cyxtera Technologies (OTCPK:CYXTQ) 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.

Cyxtera Technologies Debt-to-Equity Related Terms

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Cyxtera Technologies (Cyxtera Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cyxtera Technologies Inc (OTCPK:CYXTQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2333 Ponce De Leon Boulevard, Suite 900, Coral Gables, FL, USA, 33134

Website

https://www.cyxtera.com

Cyxtera Technologies Inc is engaged in data center colocation and interconnection services. The company operates a footprint of more than 60 data centers around the world, providing services to more than 2,300 leading enterprises and U.S. federal government agencies. Cyxtera brings proven operational excellence, global scale, flexibility and customer-focused innovation together to provide a comprehensive portfolio of data center and interconnection services.

Executives

Jeffrey C Smith	director, 10 percent owner	201 E LAS OLAS BOULEVARD, SUITE 1000, FORT LAUDERDALE FL 33301
Starboard Value Lp	director, 10 percent owner	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity Master Fund L Lp	director, 10 percent owner	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Scott D. Vogel	director	885 PARK AVENUE, NEW YORK NY 10075
Frederick Arnold	director	CHATSWORTH ADVISORS, INC., 3 YORK ROAD, LARCHMONT NY 10538
Roger Meltzer	director	80 PINE STREET, C/O CAHILL GORDON& REINDELL LLP, NEW YORK NY 10005
Benjamin Phillips	director	2 ALHAMBRA PLAZA, SUITE PH-1-B, CORAL GABLES FL 33134
James Randolph Rowland	officer: Chief Operating Officer	C/O CYXTERA TECHNOLOGIES, INC., 2333 PONCE DE LEON, SUITE 900, CORAL CABLES FL 33134
Victor Semah	officer: Chief Legal Officer	C/O CYXTERA TECHNOLOGIES, INC., 2333 PONCE DE LEON, SUITE 900, CORAL CABLES FL 33134
Carlos Ignacio Sagasta	officer: Chief Financial Officer	C/O CYXTERA TECHNOLOGIES, INC., 2333 PONCE DE LEON, SUITE 900, CORAL CABLES FL 33134
Fonseca Nelson A. Jr	director, officer: See Remarks	ONE BISCAYNE TOWER, 2 S. BISCAYNE BLVD, SUITE 2800, MIAMI FL 33131
Edmundo Miranda	officer: See Remarks	C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Bcec-sis Holdings L.p.	10 percent owner	ARNOLD HOUSE PO BOX 273, ST JULIAN'S AVENUE, ST PETER PORT Y7 GY1 3RD
Gregory L Waters	director	ONSEMI C/O H. SPENCER, 5701 NORTH PIMA ROAD, SCOTTSDALE AZ 85250
Starboard Value L Lp	director, 10 percent owner	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017