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Sure Global Tech Co (SAU:9550) Debt-to-Equity : 0.01 (As of Dec. 2023)


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What is Sure Global Tech Co Debt-to-Equity?

Sure Global Tech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼0.2 Mil. Sure Global Tech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼0.7 Mil. Sure Global Tech Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼114.5 Mil. Sure Global Tech Co's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Sure Global Tech Co's Debt-to-Equity or its related term are showing as below:

SAU:9550' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.01   Max: 0.03
Current: 0.01

During the past 3 years, the highest Debt-to-Equity Ratio of Sure Global Tech Co was 0.03. The lowest was 0.01. And the median was 0.01.

SAU:9550's Debt-to-Equity is ranked better than
99.95% of 2214 companies
in the Software industry
Industry Median: 0.21 vs SAU:9550: 0.01

Sure Global Tech Co Debt-to-Equity Historical Data

The historical data trend for Sure Global Tech Co'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.

Sure Global Tech Co Debt-to-Equity Chart

Sure Global Tech Co Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
0.03 0.01 0.01

Sure Global Tech Co Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity 0.03 N/A 0.01 0.01 0.01

Competitive Comparison of Sure Global Tech Co's Debt-to-Equity

For the Information Technology Services subindustry, Sure Global Tech Co'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.

Sure Global Tech Co's Debt-to-Equity Distribution in the Software Industry

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

* The bar in red indicates where Sure Global Tech Co's Debt-to-Equity falls into.


Sure Global Tech Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sure Global Tech Co'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
=(0.237 + 0.73) / 114.47
=0.01

Sure Global Tech Co's Debt to Equity Ratio for the quarter 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
=(0.237 + 0.73) / 114.47
=0.01

* 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.

Sure Global Tech Co  (SAU:9550) 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.

Sure Global Tech Co Debt-to-Equity Related Terms

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

Sure Global Tech Co (SAU:9550) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Sure Global Tech Co (SAU:9550) » Definitions » Debt-to-Equity
Comparable Companies
SAU:9538 SAU:9557 ACN NSE:TCS IBM FI NSE:INFY NSE:HCLTECH CTSH XPAR:CAP FIS CDW IT TSE:6702 BOM:507685 TSX:GIB.A BR BOM:540005 TSE:9613 TSE:4307
Traded in Other Exchanges
N/A
Address
Imam Saud bin Abdulaziz bin Mohammed Road, P.O. Box 301334, Riyadh, SAU, 12281
Website
https://www.sure.com.sa
Sure Global Tech Co provides technological and consultative solutions for public and private organizations. It provides services of software development, infrastructure, support, and operation along with digital transformation consultations and other SME-oriented products. The group's operational segments include Infrastructure, Managed services, Professional services, and products. The majority of its revenue derives from infrastructure services that include the sale of licenses and devices.

Sure Global Tech Co (SAU:9550) Headlines

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