IRESS (IRSMF) Debt-to-Equity : 1.56 (As of Dec. 2023)

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What is IRESS Debt-to-Equity?

IRESS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9.47 Mil. IRESS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $273.64 Mil. IRESS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $182.07 Mil. IRESS's debt to equity for the quarter that ended in Dec. 2023 was 1.55.

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

IRSMF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.57 Max: 1.56
Current: 1.56

During the past 13 years, the highest Debt-to-Equity Ratio of IRESS was 1.56. The lowest was 0.44. And the median was 0.57.

IRSMF's Debt-to-Equity is ranked worse than
90.93% of 2226 companies
in the Software industry
Industry Median: 0.21 vs IRSMF: 1.56

IRESS Debt-to-Equity Historical Data

The historical data trend for IRESS'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.

IRESS Debt-to-Equity Chart

IRESS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.65

0.46

0.73

1.07

1.56

IRESS Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.73	0.96	1.07	1.91	1.56

Competitive Comparison of IRESS's Debt-to-Equity

For the Software - Application subindustry, IRESS'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.

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

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

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

IRESS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

IRESS'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
	=	(9.465	+	273.639)	/	182.068
	=	1.55

IRESS'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
	=	(9.465	+	273.639)	/	182.068
	=	1.55

IRESS (OTCPK:IRSMF) 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.

IRESS Debt-to-Equity Related Terms

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

IRESS (IRSMF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IRESS Ltd (OTCPK:IRSMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IRE:Australia

Address

385 Bourke Street, Level 16, Melbourne, VIC, AUS, 3000

Website

https://www.iress.com

Iress develops software for the financial-services industry, operating in multiple regions and servicing clients ranging from small retail to large institutional businesses. Its core business unit, mainly in Australia, generates most of the company's earnings and free cash flows. Iress expanded into noncore markets through acquisitions, ultimately eroding returns and margins, with free cash flows from the core business invested in the noncore businesses. Its recent strategy includes reprioritizing growth in the core APAC business and divesting/monetizing noncore businesses. We view this renewed focus on its core business as a positive, as it will help maintain Iress' economic moat.