NINtec Systems (BOM:539843) Debt-to-Equity : 0.00 (As of Sep. 2023)

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What is NINtec Systems Debt-to-Equity?

NINtec Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.0 Mil. NINtec Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.0 Mil. NINtec Systems's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹253.4 Mil. NINtec Systems's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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 NINtec Systems's Debt-to-Equity or its related term are showing as below:

BOM:539843' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.07 Max: 0.07
Current: 0.07

During the past 9 years, the highest Debt-to-Equity Ratio of NINtec Systems was 0.07. The lowest was 0.07. And the median was 0.07.

BOM:539843's Debt-to-Equity is ranked better than
71.8% of 2216 companies
in the Software industry
Industry Median: 0.21 vs BOM:539843: 0.07

NINtec Systems Debt-to-Equity Historical Data

The historical data trend for NINtec Systems'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.

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NINtec Systems Debt-to-Equity Chart

NINtec Systems Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.07

NINtec Systems Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													-	-	-	-	0.07

Competitive Comparison of NINtec Systems's Debt-to-Equity

For the Information Technology Services subindustry, NINtec Systems'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.

NINtec Systems's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, NINtec Systems's Debt-to-Equity distribution charts can be found below:

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

NINtec Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NINtec Systems's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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	+	23.6)	/	349.592
	=	0.07

NINtec Systems's Debt to Equity Ratio for the quarter that ended in Sep. 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)	/	253.416
	=	0.00

NINtec Systems (BOM:539843) 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.

NINtec Systems Debt-to-Equity Related Terms

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NINtec Systems (BOM:539843) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NINtec Systems Ltd (BOM:539843) » Definitions » Debt-to-Equity

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NINSYS:India

Address

S.G. Highway, B-11, Corporate House, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.nintecsystems.com

NINtec Systems Ltd is an offshore software development services and solutions company. The firm is involved in computer programming, consultancy, and related activities. The company provides services like Application Development and Maintenance, Strategic Offshore Software Product Development, Legacy System Development and Software Migration, and Search Engine Optimization. The firm specializes in areas of Dot Net Development, Game Development, PHP Development, ERP Wireless, Mobile and WAP Development. The group has also integrated cloud services into its existing business platform. The company serves industries such as Automotive, Print media and Publishing, Banking, Financial Services, and Insurance, and Transportation and Logistics sector.

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