Sonal Mercantile (BOM:538943) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Sonal Mercantile Debt-to-Equity?

Sonal Mercantile's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Sonal Mercantile's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Sonal Mercantile's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0.0 Mil.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Sonal Mercantile's Debt-to-Equity or its related term are showing as below:

BOM:538943' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.7 Max: 3.79
Current: 1.13

During the past 11 years, the highest Debt-to-Equity Ratio of Sonal Mercantile was 3.79. The lowest was 0.00. And the median was 0.70.

BOM:538943's Debt-to-Equity is ranked better than
50.12% of 431 companies
in the Credit Services industry
Industry Median: 1.13 vs BOM:538943: 1.13

Sonal Mercantile Debt-to-Equity Historical Data

The historical data trend for Sonal Mercantile's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sonal Mercantile Debt-to-Equity Chart

Sonal Mercantile Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.38

0.73

0.64

1.05

Sonal Mercantile Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.05	N/A	1.13	N/A

Competitive Comparison of Sonal Mercantile's Debt-to-Equity

For the Credit Services subindustry, Sonal Mercantile's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sonal Mercantile's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Sonal Mercantile's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sonal Mercantile's Debt-to-Equity falls into.

Sonal Mercantile Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sonal Mercantile's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	3035.959)	/	2896.638
	=	1.05

Sonal Mercantile's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	0
	=	N/A

Sonal Mercantile (BOM:538943) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Sonal Mercantile Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Sonal Mercantile's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Sonal Mercantile (BOM:538943) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sonal Mercantile Ltd (BOM:538943) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

365, Vardhman Plaza, III Floor, Sector-3, Rohini, New Delhi, IND, 110085

Website

https://www.sonalmercantile.in

Sonal Mercantile Ltd is an India-based non-banking financial company. It is engaged in providing secured and unsecured loans and advances and is also involved in investing in quoted and unquoted securities in the stock and commodity markets. The company offers inter-corporate loans, personal loans, long-term and short-term loans, Trade financing, Bills Discounting, Project Appraisal, Loans against Guarantees, and Properties.

Sonal Mercantile (BOM:538943) Headlines

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