Karooooo (Karooooo) Debt-to-Equity : 0.09 (As of Nov. 2023)

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What is Karooooo Debt-to-Equity?

Karooooo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $4.2 Mil. Karooooo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $9.3 Mil. Karooooo's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $147.1 Mil. Karooooo's debt to equity for the quarter that ended in Nov. 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 Karooooo's Debt-to-Equity or its related term are showing as below:

KARO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.09 Max: 1.21
Current: 0.09

During the past 5 years, the highest Debt-to-Equity Ratio of Karooooo was 1.21. The lowest was 0.07. And the median was 0.09.

KARO's Debt-to-Equity is ranked better than
67.28% of 2225 companies
in the Software industry
Industry Median: 0.21 vs KARO: 0.09

Karooooo Debt-to-Equity Historical Data

The historical data trend for Karooooo'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.

Karooooo Debt-to-Equity Chart

Karooooo Annual Data

Trend

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

0.61

0.15

1.21

0.10

0.07

Karooooo Quarterly Data
	Feb19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial													0.08	0.07	0.09	0.09	0.09

Competitive Comparison of Karooooo's Debt-to-Equity

For the Software - Application subindustry, Karooooo'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.

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

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

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

Karooooo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Karooooo's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(4.196	+	5.93)	/	148.602
	=	0.07

Karooooo's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(4.16	+	9.348)	/	147.143
	=	0.09

Karooooo (NAS:KARO) 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.

Karooooo Debt-to-Equity Related Terms

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

Karooooo (Karooooo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Karooooo Ltd (NAS:KARO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KRO:South Africa

Address

1 Harbourfront Avenue, Keppel Bay Tower No. 14-07, Singapore, SGP, 098632

Website

https://www.karooooo.com

Karooooo Ltd is a global provider of real-time mobility data analytics solutions for smart transportation. It offers a comprehensive, cloud-based smart mobility platform for connected vehicles and other assets. The company's software-as-a-service platform provides customers with differentiated insights and analytics to optimize business and workforce, increase efficiency and decrease costs, improve safety, monitor environmental impact, assist with regularity compliance and manage risk. The segments of the group are Cartrack; Carzuka; and Karooooo Logistics, of which key revenue is derived from the Cartrack segment.