RingCentral (RNG) Convertible Debt (2018 - 2023)
RingCentral (RNG) posted quarterly Convertible Debt of $387.1 million for Q4 2023, down 76.37% year-over-year from $1.6 billion in Q4 2022, and down 76.39% quarter-over-quarter from $1.6 billion in Q1 2023.
RingCentral (RNG) Convertible Debt (2018 - 2023) Analysis & Trends
RingCentral (RNG) has reported Convertible Debt for 6 consecutive years, with $387.1 million the latest figure, recorded in Q4 2023.
- In Q4 2023, Convertible Debt fell 76.37% year-over-year to $387.1 million; the TTM figure through Dec 2023 stood at $387.1 million (down 76.37% YoY), while the FY2023 annual figure was $387.1 million, down 76.37% from the prior year.
- Convertible Debt declined to $387.1 million in Q4 2023 per RNG's latest filing, from $1.6 billion in the prior quarter.
- Across five years, Convertible Debt topped out at $1.6 billion in Q1 2023 and bottomed at $371.5 million in Q1 2019.
- Historically, Convertible Debt has averaged $1.1 billion across 5 years, with a median of $1.4 billion in 2020.
- Annual changes were most pronounced in 2020 — Convertible Debt soared 265.44% — and 2023, when it sank 76.37%.
- RingCentral's Convertible Debt stood at $386.9 million in 2019, then jumped by 255.48% to $1.4 billion in 2020, then rose by 1.68% to $1.4 billion in 2021, then climbed by 17.16% to $1.6 billion in 2022, then tumbled by 76.37% to $387.1 million in 2023.
- Business Quant data shows RNG's Convertible Debt at $387.1 million in Q4 2023, $1.6 billion in Q1 2023, and $1.6 billion in Q4 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn |
| 10 | RingCentral | 5.40 Bn | 5.29 Bn | 472.31 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 387.10 Mn |
| Mar 31, 2023 | 1.64 Bn |
| Dec 31, 2022 | 1.64 Bn |
| Sep 30, 2022 | 1.64 Bn |
| Jun 30, 2022 | 1.64 Bn |
| Mar 31, 2022 | 1.64 Bn |
| Dec 31, 2021 | 1.40 Bn |
| Sep 30, 2021 | 1.38 Bn |
| Jun 30, 2021 | 1.37 Bn |
| Mar 31, 2021 | 1.35 Bn |
| Dec 31, 2020 | 1.38 Bn |
| Sep 30, 2020 | 1.39 Bn |
| Jun 30, 2020 | 1.01 Bn |
| Mar 31, 2020 | 1.04 Bn |
| Dec 31, 2019 | 386.89 Mn |
| Sep 30, 2019 | 381.70 Mn |
| Jun 30, 2019 | 376.58 Mn |
| Mar 31, 2019 | 371.53 Mn |
| Dec 31, 2018 | 366.55 Mn |
| Sep 30, 2018 | 361.64 Mn |