New Relic (LTS:0K79) Debt-to-Equity : 0.11 (As of Sep. 2023)

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What is New Relic Debt-to-Equity?

New Relic's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $9.2 Mil. New Relic's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $33.5 Mil. New Relic's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $387.4 Mil. New Relic's debt to equity for the quarter that ended in Sep. 2023 was 0.11.

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

LTS:0K79' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 1.31 Max: 1.8
Current: 0.11

During the past 12 years, the highest Debt-to-Equity Ratio of New Relic was 1.80. The lowest was 0.11. And the median was 1.31.

LTS:0K79's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs LTS:0K79: 0.11

New Relic Debt-to-Equity Historical Data

The historical data trend for New Relic'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.

New Relic Debt-to-Equity Chart

New Relic Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.16

1.26

1.25

1.73

1.61

New Relic Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.71	1.61	1.61	0.13	0.11

Competitive Comparison of New Relic's Debt-to-Equity

For the Software - Application subindustry, New Relic'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.

New Relic's Debt-to-Equity Distribution in the Software Industry

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

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

New Relic Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Relic's Debt to Equity Ratio for the fiscal year 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
	=	(510.972	+	38.384)	/	340.435
	=	1.61

New Relic's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(9.195	+	33.533)	/	387.438
	=	0.11

New Relic (LTS:0K79) 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.

New Relic Debt-to-Equity Related Terms

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New Relic (LTS:0K79) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » New Relic Inc (LTS:0K79) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

188 Spear Street, Suite 1000, San Francisco, CA, USA, 94105

Website

https://www.newrelic.com

New Relic Inc is a provider of software analytics solutions for organizations to collect, store, and analyze massive amounts of software data in real-time. The firm's flagship New Relic Software Analytics Cloud is made up of a suite of products, a Big Data database, and an open platform. Its solutions include diagnostics, reporting and alerting, transaction monitoring, and performance monitoring capabilities. The firm generates revenue from subscription-based arrangements for software offerings, typically for a year. A majority of the firm's revenue is generated in the United States, and the rest from Europe, the Middle East, and Africa; the Asia-Pacific; and other regions.

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