Descartes Systems Group Balance Sheet Health
Financial Health criteria checks 6/6
Descartes Systems Group has a total shareholder equity of $1.6B and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $2.0B and $312.3M respectively. Descartes Systems Group's EBIT is $247.8M making its interest coverage ratio -25. It has cash and short-term investments of $401.1M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -25x |
| Cash | US$401.06m |
| Equity | US$1.65b |
| Total liabilities | US$312.32m |
| Total assets | US$1.96b |
Recent financial health updates
No updates
Recent updates
Analysis Article • Jun 18
Descartes Systems Group (TSX:DSG) Stock Could Be 22.7% Undervalued After Client Mileage Savings
Descartes Systems Group (TSX:DSG) is in focus after New Castle Building Products reported cutting annual fleet mileage by about 25,000 miles by using the company’s route planning and execution software. See our latest analysis for Descartes Systems Group. For context, Descartes Systems Group’s share price is at CA$99.18, with a 1 month share price return of 6.46% but a year to date share price decline of 15.20% and a 1 year total shareholder return decline of 26.86%. This suggests that recent...
Narrative Update • Apr 28
DSG: AI Logistics Execution And Compressed Multiples Will Support Future Upside
Analysts have trimmed their CA$ price targets on Descartes Systems Group by roughly CA$10 to CA$20 in response to peer multiple compression, while still highlighting solid Q4 execution, accelerating organic growth and resilient margins as key supports for the updated valuations. Analyst Commentary Recent Street research reflects a mixed but generally constructive tone, with analysts trimming price targets while still pointing to execution and growth metrics as key supports for the equity story.Narrative Update • Apr 12
DSG: AI Logistics Execution And Reaccelerating Demand Will Support Future Upside
Analysts have trimmed their consolidated price target for Descartes Systems Group to reflect lower sector valuation multiples, with recent revisions ranging from CA$82 to CA$100. They still point to resilient growth, solid profitability and a view that the recent AI driven sell off may have gone too far.Narrative Update • Mar 26
DSG: AI Logistics Execution And Organic Reacceleration Will Drive Future Upside
Analysts have trimmed Street price targets for Descartes Systems Group, with several reductions in the CA$82 to CA$105 range, as they factor in peer multiple compression while also highlighting steady EBITDA growth targets, organic growth acceleration and renewed interest following a stronger Q4 print. Analyst Commentary Recent research updates on Descartes Systems Group combine lower price targets with relatively constructive views on execution, profitability and growth.Narrative Update • Mar 11
DSG: AI Logistics Execution And Freight Inflection Will Drive Future Upside
Narrative Update on Descartes Systems Group Analysts have trimmed their fair value estimate for Descartes Systems Group to about CA$123 from roughly CA$134, reflecting slightly more conservative assumptions on growth, margins, discount rates and future P/E multiples, even as recent research highlights ongoing interest in the stock supported by sector upgrades and adjusted price targets. Analyst Commentary Recent research on Descartes Systems Group shows a mix of optimism on the business and caution around the cycle and valuation, with several firms adjusting ratings and price targets while keeping an eye on transport and manufacturing trends.Narrative Update • Feb 25
DSG: Freight Recovery Signals And Buyback Program Will Drive Future Upside
Analysts have trimmed their average price target on Descartes Systems Group by CA$20, citing sector wide target resets and a more cautious read on transport and software conditions, even as some see an improving setup for the company. Analyst Commentary Recent research on Descartes Systems Group shows a split view, with some analysts becoming more constructive on the stock while others reset expectations in light of sector headwinds and transport data.Narrative Update • Feb 11
DSG: Freight Headwinds And Buyback Plan Will Shape Bullish Upside Potential
Analysts have reduced their average 12 month price target on Descartes Systems Group to CA$134.07, with recent cuts from firms such as Scotiabank, Wolfe Research and Morgan Stanley offset by upgrades that point to a potential inflection in growth and relatively low valuation levels. Analyst Commentary Recent research paints a mixed picture for Descartes Systems Group, with some analysts leaning more positive on the long term setup while others are trimming expectations in the near term.Analysis Article • Feb 08
The Descartes Systems Group Inc. (TSE:DSG) Stocks Pounded By 25% But Not Lagging Market On Growth Or Pricing
The The Descartes Systems Group Inc. ( TSE:DSG ) share price has fared very poorly over the last month, falling by a...Narrative Update • Jan 26
DSG: Freight Slowdown And Share Buyback Will Shape Bullish Upside Potential
Analysts have modestly adjusted their price targets on Descartes Systems Group, with recent cuts such as Barclays trimming its target to $105 from $106 and Wolfe Research moving to $102 from $112. These changes reflect mixed views on transport cycle data and shipment volumes, along with expectations for steadier software demand into 2026.Narrative Update • Jan 10
DSG: Softer Freight Cycle And Buyback Plan Will Shape Future Returns
Analysts have trimmed their price target on Descartes Systems Group to about $102 from roughly $112, citing a softer transport cycle, weaker shipment volume data, pressure on peer multiples, and updated assumptions for revenue growth, profit margins, discount rate and future P/E. These factors collectively point to a slightly higher intrinsic value estimate of about $134 per share.Analysis Article • Dec 31
Here's Why We Think Descartes Systems Group (TSE:DSG) Might Deserve Your Attention Today
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Narrative Update • Sep 20
Global Trade Evolution And E-Commerce Adoption Will Open New Horizons
The downward revision in Descartes Systems Group’s consensus price target primarily reflects a decrease in the company's future P/E multiple, with fair value now assessed at CA$131.93. What's in the News Customs Assured adopted Descartes e-Customs with AiDock AI integration, boosting customs documentation productivity by 30% and reducing manual data entry errors.Analysis Article • Sep 19
Descartes Systems Group's (TSE:DSG) Returns On Capital Are Heading Higher
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...Narrative Update • Sep 05
Global Trade Evolution And E-Commerce Adoption Will Open New Horizons
The consensus price target for Descartes Systems Group has been reduced, primarily reflecting a sharp rise in the future P/E ratio despite only a marginal improvement in net profit margin, bringing the fair value down from CA$152.90 to CA$144.72. What's in the News Golf Superstore implemented Descartes Sellercloud integrated with Lightspeed POS for unified inventory and order management, enhancing productivity and eliminating overselling across physical and ecommerce sales channels.
New Narrative • Feb 19
Tariffs May Complicate Logistics, But Sellercloud Integration Will Improve Future Prospects
Geopolitical uncertainty and evolving trade policies may increase operational costs as Descartes invests in compliance solutions, affecting net margins.Financial Position Analysis
Short Term Liabilities: DSG's short term assets ($523.9M) exceed its short term liabilities ($259.6M).
Long Term Liabilities: DSG's short term assets ($523.9M) exceed its long term liabilities ($52.7M).
Debt to Equity History and Analysis
Debt Level: DSG is debt free.
Reducing Debt: DSG had no debt 5 years ago.
Debt Coverage: DSG has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: DSG has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/16 23:27 |
| End of Day Share Price | 2026/09/16 00:00 |
| Earnings | 2026/07/31 |
| Annual Earnings | 2026/01/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
The Descartes Systems Group Inc. is covered by 26 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Raimo Lenschow | Barclays |
| "Raimo Lenschow | Barclays |
| Gabriel Leung | Beacon Securities Limited |