Clearwater Analytics Holdings (CWAN) Debt Ratio (2020 - 2026)
Clearwater Analytics Holdings' Debt Ratio came in at 0.27 for Q1 2026, up 656.8% from 0.04 a year earlier but down 1.8% from the prior quarter.
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Analysis
Clearwater Analytics Holdings (CWAN) Debt Ratio (2020 - 2026) Analysis & Trends
Going back to Q4 2020, Clearwater Analytics Holdings' Debt Ratio data covers 20 quarters.
- Going back by year, Debt Ratio was 0.04 in FY2024 (-54.8%), 0.09 in FY2023 (-18.2%), 0.11 in FY2022 (-32.1%) and 0.16 in FY2021 (-95.7%).
- The five-year range for quarterly Debt Ratio is 0.04 (Q1 2025) to 0.29 (Q2 2025).
- Year-over-year, Debt Ratio has increased for four consecutive quarters, with growth averaging 203.6% over the last eight quarters.
- The fastest year-over-year change in Debt Ratio over five years came in Q1 2026 (growth of 656.8%), and the weakest in Q4 2021 (a decline of 95.7%).
- Business Quant data shows CWAN's Debt Ratio at 0.27 (Q4 2025), 0.28 (Q3 2025) and 0.29 (Q2 2025) in the three quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | - |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 0.41 |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | 0.18 |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 0.36 |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 0.07 |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 0.08 |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 0.21 |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | 0.16 |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 0.13 |
| 10 | Clearwater Analytics Holdings | 7.30 Bn | 7.00 Bn | 145.55 Mn | 0.27 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 0.27 |
| Dec 31, 2025 | 0.27 |
| Sep 30, 2025 | 0.28 |
| Jun 30, 2025 | 0.29 |
| Mar 31, 2025 | 0.04 |
| Dec 31, 2024 | 0.04 |
| Sep 30, 2024 | 0.07 |
| Jun 30, 2024 | 0.08 |
| Mar 31, 2024 | 0.09 |
| Dec 31, 2023 | 0.09 |
| Sep 30, 2023 | 0.09 |
| Jun 30, 2023 | 0.10 |
| Mar 31, 2023 | 0.10 |
| Dec 31, 2022 | 0.11 |
| Sep 30, 2022 | 0.12 |
| Jun 30, 2022 | 0.13 |
| Mar 31, 2022 | 0.14 |
| Dec 31, 2021 | 0.16 |
| Sep 30, 2021 | 0.17 |
| Dec 31, 2020 | 3.68 |
API Access
Clearwater Analytics Holdings Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=CWAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "CWAN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=CWAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();