Clearwater Analytics Holdings (CWAN) Debt Ratio (2020 - 2026)

Clearwater Analytics Holdings (CWAN) reported Debt Ratio of 0.26 for Q1 2026, up 697.78% on a YoY basis from 0.03 in Q1 2025, and down 1.83% quarter-over-quarter from 0.27 in Q4 2025.

Clearwater Analytics Holdings (CWAN) Debt Ratio (2020 - 2026) Analysis & Trends

Clearwater Analytics Holdings has reported Debt Ratio for 7 years, with the latest figure at 0.26 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio rose 697.78% year-over-year to 0.26; the trailing twelve-month figure through Mar 2026 stood at 0.26 (up 697.78% YoY), and the FY2025 full-year result was 0.27, up 628.04% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.26, down from 0.27 in the prior quarter.
  • The five-year high for Debt Ratio was 0.29 in Q2 2025, with the low at 0.03 in Q1 2025.
  • Historically, Debt Ratio has averaged 0.13 across 5 years, with a median of 0.1 in 2023.
  • Annual changes were most pronounced in 2025 — Debt Ratio sank 59.9% — and 2026, when it jumped 697.78%.
  • Clearwater Analytics Holdings' Debt Ratio stood at 0.1 in 2022, then slipped by 18.48% to 0.08 in 2023, then sank by 55.0% to 0.04 in 2024, then surged by 628.04% to 0.27 in 2025, then dropped by 1.83% to 0.26 in 2026.
  • The last three Debt Ratio figures came in at 0.26 (Q1 2026), 0.27 (Q4 2025), and 0.28 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 0.08
2 Full Truck Alliance 166.83 Bn 164.28 Bn - 0.00
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 0.18
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn -
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 0.37
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 0.24
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn -
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 0.06
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 0.06
10 Clearwater Analytics Holdings 7.15 Bn 7.07 Bn 145.55 Mn 0.26

Historic Data

Download Data
DateValue
Mar 31, 2026 0.26
Dec 31, 2025 0.27
Sep 30, 2025 0.28
Jun 30, 2025 0.29
Mar 31, 2025 0.03
Dec 31, 2024 0.04
Sep 30, 2024 0.07
Jun 30, 2024 0.08
Mar 31, 2024 0.08
Dec 31, 2023 0.08
Sep 30, 2023 0.09
Jun 30, 2023 0.09
Mar 31, 2023 0.10
Dec 31, 2022 0.10
Sep 30, 2022 0.12
Jun 30, 2022 0.12
Mar 31, 2022 0.13
Dec 31, 2021 0.15
Sep 30, 2021 0.16
Dec 31, 2020 3.65