Bytes Technology Group (JSE:BYI) Debt-to-Equity : 0.02 (As of Aug. 2023)

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What is Bytes Technology Group Debt-to-Equity?

Bytes Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R4 Mil. Bytes Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R28 Mil. Bytes Technology Group's Total Stockholders Equity for the quarter that ended in Aug. 2023 was R1,431 Mil. Bytes Technology Group's debt to equity for the quarter that ended in Aug. 2023 was 0.02.

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 Bytes Technology Group's Debt-to-Equity or its related term are showing as below:

JSE:BYI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 2.73
Current: 0.02

During the past 6 years, the highest Debt-to-Equity Ratio of Bytes Technology Group was 2.73. The lowest was 0.02. And the median was 0.03.

JSE:BYI's Debt-to-Equity is ranked better than
92.18% of 2224 companies
in the Software industry
Industry Median: 0.21 vs JSE:BYI: 0.02

Bytes Technology Group Debt-to-Equity Historical Data

The historical data trend for Bytes Technology Group'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.

Bytes Technology Group Debt-to-Equity Chart

Bytes Technology Group Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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0.04

0.08

0.03

0.02

Bytes Technology Group Semi-Annual Data
	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Debt-to-Equity	Get a 7-Day Free Trial						0.04	0.03	0.02	0.02	0.02

Competitive Comparison of Bytes Technology Group's Debt-to-Equity

For the Software - Infrastructure subindustry, Bytes Technology Group'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.

Bytes Technology Group's Debt-to-Equity Distribution in the Software Industry

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

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

Bytes Technology Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bytes Technology Group's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(1.622	+	19.831)	/	1329.962
	=	0.02

Bytes Technology Group's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(4.485	+	27.911)	/	1431.109
	=	0.02

Bytes Technology Group (JSE:BYI) 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.

Bytes Technology Group Debt-to-Equity Related Terms

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Bytes Technology Group (JSE:BYI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bytes Technology Group PLC (JSE:BYI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BYITl:UK BYIT:UK 9NY:Germany

Address

Randalls Way, Bytes House, Leatherhead, Surrey, GBR, KT22 7TW

Website

https://www.bytesplc.com

Bytes Technology Group PLC provides IT solutions and services, offering software, hardware and cloud services. It enables effective and cost-efficient technology sourcing, adoption and management across software, security and cloud services. The company's brands include Bytes Software Services (BSS) and Phoenix Software. It generates a majority of its revenue from Software.

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