Cloudflare (Cloudflare) Debt-to-Equity : 1.80 (As of Mar. 2024)

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What is Cloudflare Debt-to-Equity?

Cloudflare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $39 Mil. Cloudflare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,397 Mil. Cloudflare's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $797 Mil. Cloudflare's debt to equity for the quarter that ended in Mar. 2024 was 1.80.

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

NET' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.18 Med: 1.01 Max: 3.06
Current: 1.8

During the past 8 years, the highest Debt-to-Equity Ratio of Cloudflare was 3.06. The lowest was -0.18. And the median was 1.01.

NET's Debt-to-Equity is ranked worse than
92.13% of 2223 companies
in the Software industry
Industry Median: 0.21 vs NET: 1.80

Cloudflare Debt-to-Equity Historical Data

The historical data trend for Cloudflare'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.

Cloudflare Debt-to-Equity Chart

Cloudflare Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.52

1.59

2.53

1.88

Cloudflare Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															2.42	2.27	2.03	1.88	1.80

Competitive Comparison of Cloudflare's Debt-to-Equity

For the Software - Infrastructure subindustry, Cloudflare'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.

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

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

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

Cloudflare Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cloudflare's Debt to Equity Ratio for the fiscal year 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
	=	(38.351	+	1396.852)	/	763.047
	=	1.88

Cloudflare'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
	=	(39.273	+	1397.369)	/	797.224
	=	1.80

Cloudflare (NYSE:NET) 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.

Cloudflare Debt-to-Equity Related Terms

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

Cloudflare (Cloudflare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cloudflare Inc (NYSE:NET) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NET:Mexico 0A3Z:UK 8CF:Germany 8CF:Germany

Address

101 Townsend Street, San Francisco, CA, USA, 94107

Website

https://www.cloudflare.com

Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers.

Executives

Michelle Zatlyn	director, officer: Chief Operating Officer	C/O CLOUDFLARE, INC., 101 TOWNSEND STREET, SAN FRANCISCO CA 94107
Thomas J Seifert	officer: Chief Financial Officer	101 TOWNSEND STREET, SAN FRANCISCO CA 94107
Carl Ledbetter	director, 10 percent owner	2755 EAST COTTONWOOD PARKWAY, SUITE 520, SALT LAKE CITY UT 84121
Matthew Prince	director, 10 percent owner, officer: CEO and Chair of the Board	C/O CLOUDFLARE, INC., 101 TOWNSEND STREET, SAN FRANCISCO CA 94107
Douglas James Kramer	officer: General Counsel	C/O CLOUDFLARE, INC., 101 TOWNSEND STREET, SAN FRANCISCO CA 94107
Scott D Sandell	director, 10 percent owner
Katrin Suder	director	C/O CLOUDFLARE, INC., 101 TOWNSEND STREET, SAN FRANCISCO CA 94107
Janel Riley	officer: Chief Accounting Officer	C/O CLOUDFLARE, INC., 101 TOWNSEND STREET, SAN FRANCISCO CA 94107
Paul D. Underwood	officer: Chief Accounting Officer	C/O CLOUDFLARE, INC., 101 TOWNSEND STREET, SAN FRANCISCO CA 94107
Mark J Hawkins	director	C/O LOGITECH, INC., 6505 KAISER DRIVE, FREMONT CA 94555
Maria S Eitel	director	C/O CLOUDFLARE, INC., 101 TOWNSEND STREET, SAN FRANCISCO CA 94107
Stanley J Meresman	director	2071 HUNTINGTON LANE, LOS ALTOS CA 94024
Forest Baskett	10 percent owner
Patrick J Kerins	10 percent owner
Venrock Associates V Lp	10 percent owner	3340 HILLVIEW AVENUE, PALO ALTO CA 94304