Softchoice (TSX:SFTC) Debt-to-Equity : -0.60 (As of Mar. 2024)

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What is Softchoice Debt-to-Equity?

Softchoice's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$6 Mil. Softchoice's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$96 Mil. Softchoice's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$-171 Mil. Softchoice's debt to equity for the quarter that ended in Mar. 2024 was -0.60.

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

TSX:SFTC' s Debt-to-Equity Range Over the Past 10 Years
Min: -9.02 Med: 2.24 Max: 4.29
Current: -0.6

During the past 13 years, the highest Debt-to-Equity Ratio of Softchoice was 4.29. The lowest was -9.02. And the median was 2.24.

TSX:SFTC's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs TSX:SFTC: -0.60

Softchoice Debt-to-Equity Historical Data

The historical data trend for Softchoice'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.

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Softchoice Debt-to-Equity Chart

Softchoice Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-9.02

1.52

2.67

0.92

Softchoice Quarterly Data
	Jun12	Sep12	Dec12	Mar13	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															4.23	2.68	2.24	0.92	-0.60

Competitive Comparison of Softchoice's Debt-to-Equity

For the Information Technology Services subindustry, Softchoice'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.

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

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

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

Softchoice Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Softchoice'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
	=	(5.941	+	65.302)	/	77.692
	=	0.92

Softchoice'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
	=	(6.408	+	96.226)	/	-170.801
	=	-0.60

Softchoice (TSX:SFTC) 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.

Softchoice Debt-to-Equity Related Terms

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

Softchoice (TSX:SFTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Softchoice Corp (TSX:SFTC) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

SFTCF:USA

Address

173 Dufferin Street, Suite 200, Toronto, ON, CAN, M6K 3H7

Website

https://www.softchoice.com

Softchoice Corp is a technology service and solutions provider that equips organizations to be agile for their people to be engaged, connected and creative at work. The company designs, procures, implements and manages complex multi-vendor IT solutions that enable customers' digital transformations using a results-oriented engagement model that drives long-term relationships.

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