Converge Information And Communications Technology Solutions (PHS:CNVRG) Debt-to-Equity : 0.76 (As of Mar. 2024)

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What is Converge Information And Communications Technology Solutions Debt-to-Equity?

Converge Information And Communications Technology Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱5,881 Mil. Converge Information And Communications Technology Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱30,580 Mil. Converge Information And Communications Technology Solutions's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₱47,814 Mil. Converge Information And Communications Technology Solutions's debt to equity for the quarter that ended in Mar. 2024 was 0.76.

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 Converge Information And Communications Technology Solutions's Debt-to-Equity or its related term are showing as below:

PHS:CNVRG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.78 Max: 1.31
Current: 0.76

During the past 6 years, the highest Debt-to-Equity Ratio of Converge Information And Communications Technology Solutions was 1.31. The lowest was 0.40. And the median was 0.78.

PHS:CNVRG's Debt-to-Equity is ranked worse than
57.14% of 343 companies
in the Telecommunication Services industry
Industry Median: 0.65 vs PHS:CNVRG: 0.76

Converge Information And Communications Technology Solutions Debt-to-Equity Historical Data

The historical data trend for Converge Information And Communications Technology Solutions'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.

Converge Information And Communications Technology Solutions Debt-to-Equity Chart

Converge Information And Communications Technology Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.80

0.47

0.65

1.13

0.83

Converge Information And Communications Technology Solutions Quarterly Data
	Dec18	Dec19	Mar20	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														1.07	0.99	0.91	0.83	0.76

Competitive Comparison of Converge Information And Communications Technology Solutions's Debt-to-Equity

For the Telecom Services subindustry, Converge Information And Communications Technology Solutions'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.

Converge Information And Communications Technology Solutions's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Converge Information And Communications Technology Solutions's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Converge Information And Communications Technology Solutions's Debt-to-Equity falls into.

Converge Information And Communications Technology Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Converge Information And Communications Technology Solutions'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
	=	(5756.283	+	31893.598)	/	45245.376
	=	0.83

Converge Information And Communications Technology Solutions'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
	=	(5880.592	+	30579.838)	/	47814.334
	=	0.76

Converge Information And Communications Technology Solutions (PHS:CNVRG) 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.

Converge Information And Communications Technology Solutions Debt-to-Equity Related Terms

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Converge Information And Communications Technology Solutions (PHS:CNVRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Converge Information And Communications Technology Solutions Inc (PHS:CNVRG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mc Arthur Highway, New Street Building, Balibago, Angeles, PAM, PHL, 2009

Website

https://www.convergeict.com

Converge Information And Communications Technology Solutions Inc are engaged in the business of providing Information and communication services and solutions. It provides high-speed fiber optic internet services and other digital consumer-centric services. It operates in two businesses namely Residential Business and Enterprise Business, and it generates maximum revenue from Residential Business.

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