Clydestone Ghana (XGHA:CLYD) Debt-to-Equity : 0.17 (As of Jun. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Clydestone Ghana Debt-to-Equity?

Clydestone Ghana's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was GHS0.00 Mil. Clydestone Ghana's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was GHS0.79 Mil. Clydestone Ghana's Total Stockholders Equity for the quarter that ended in Jun. 2023 was GHS4.70 Mil. Clydestone Ghana's debt to equity for the quarter that ended in Jun. 2023 was 0.17.

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

XGHA:CLYD' s Debt-to-Equity Range Over the Past 10 Years
Min: -12.28 Med: 0.26 Max: 10.51
Current: 0.17

During the past 8 years, the highest Debt-to-Equity Ratio of Clydestone Ghana was 10.51. The lowest was -12.28. And the median was 0.26.

XGHA:CLYD's Debt-to-Equity is ranked better than
54.59% of 2222 companies
in the Software industry
Industry Median: 0.21 vs XGHA:CLYD: 0.17

Clydestone Ghana Debt-to-Equity Historical Data

The historical data trend for Clydestone Ghana'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.

Clydestone Ghana Debt-to-Equity Chart

Clydestone Ghana Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.15

Clydestone Ghana Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.27	0.19	0.15	0.12	0.17

Competitive Comparison of Clydestone Ghana's Debt-to-Equity

For the Information Technology Services subindustry, Clydestone Ghana'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.

Clydestone Ghana's Debt-to-Equity Distribution in the Software Industry

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

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

Clydestone Ghana Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Clydestone Ghana's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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	+	0.556)	/	3.811
	=	0.15

Clydestone Ghana's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	0.786)	/	4.704
	=	0.17

Clydestone Ghana (XGHA:CLYD) 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.

Clydestone Ghana Debt-to-Equity Related Terms

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

Clydestone Ghana (XGHA:CLYD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clydestone Ghana PLC (XGHA:CLYD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14 Adebeto Close, P.O. Box CT 1003, North Labone, Accra, GHA

Website

https://www.clydestone.com

Clydestone Ghana Ltd is an information and communications technology company with offices in Ghana, Nigeria, and Kenya. The company has developed cutting-edge solutions in the areas of financial document processing, remittance processing, and transaction switching. The company provides IT solutions in Africa, currently providing Cheque Truncation Systems to Ghana's Banks. Its product list includes G-Switch, G-Secure, Remita, UnionPay, Automated Cheque Clearing, ATM and Cash Processing, Multi-vendor ATM Software, and Multi-factor Authentication.

Clydestone Ghana (XGHA:CLYD) Headlines

No Headlines