Clearwater Analytics Holdings (CWAN) Debt Ratio (2020 - 2026)
Clearwater Analytics Holdings' (CWAN) quarterly Debt Ratio came in at 0.26 in Q1 2026, up 697.78% YoY from 0.03 in Q1 2025, and down 1.83% on a QoQ basis from 0.27 in Q4 2025.
Clearwater Analytics Holdings (CWAN) Debt Ratio (2020 - 2026) Analysis & Trends
Clearwater Analytics Holdings (CWAN) has 7 years of Debt Ratio data on file, last reported at 0.26 in Q1 2026.
- Quarterly Debt Ratio rose 697.78% year-over-year to 0.26 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.26 (up 697.78% YoY) and the FY2025 annual result came in at 0.27, up 628.04% from the prior year.
- Debt Ratio eased to 0.26 in Q1 2026, from 0.27 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.29 in Q2 2025 to a low of 0.03 in Q1 2025.
- A 5-year average of 0.13 and a median of 0.1 in 2023 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2025 — Debt Ratio sank 59.9% — and 2026, when it jumped 697.78%.
- Tracing CWAN's Debt Ratio over 5 years: 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 0.11 |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | - |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 0.37 |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 0.22 |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 0.24 |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | - |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 0.08 |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 0.22 |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 0.18 |
| 10 | Clearwater Analytics Holdings | 7.30 Bn | 7.22 Bn | 145.55 Mn | 0.26 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |