Calnex Solutions (LSE:CLX) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Calnex Solutions Debt-to-Equity?

Calnex Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £0.22 Mil. Calnex Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £0.20 Mil. Calnex Solutions's Total Stockholders Equity for the quarter that ended in Mar. 2024 was £27.34 Mil. Calnex Solutions's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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

LSE:CLX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 1.21
Current: 0.02

During the past 7 years, the highest Debt-to-Equity Ratio of Calnex Solutions was 1.21. The lowest was 0.02. And the median was 0.04.

LSE:CLX's Debt-to-Equity is ranked better than
93.7% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs LSE:CLX: 0.02

Calnex Solutions Debt-to-Equity Historical Data

The historical data trend for Calnex Solutions'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.

Calnex Solutions Debt-to-Equity Chart

Calnex Solutions Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.42

0.03

0.04

0.03

0.02

Calnex Solutions Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							0.04	0.03	0.03	0.02	0.02

Competitive Comparison of Calnex Solutions's Debt-to-Equity

For the Communication Equipment subindustry, Calnex Solutions'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.

Calnex Solutions's Debt-to-Equity Distribution in the Hardware Industry

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

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

Calnex Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Calnex Solutions's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(0.22	+	0.195)	/	27.338
	=	0.02

Calnex Solutions's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(0.22	+	0.195)	/	27.338
	=	0.02

Calnex Solutions (LSE:CLX) 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.

Calnex Solutions Debt-to-Equity Related Terms

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Calnex Solutions (LSE:CLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Calnex Solutions PLC (LSE:CLX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CSO:Germany CSO:Germany

Address

Oracle Campus, Linlithgow, West Lothian, GBR, EH49 7LR

Website

https://www.calnexsol.com

Calnex Solutions PLC is a provider of test and measurement solutions for the telecommunications sector. It designs, produces, and markets test instrumentation and solutions for network synchronization and network emulation. The company offers its equipment to network operators, network providers, systems suppliers, laboratories, and network infrastructures.