Niks Technology (BOM:543282) Debt-to-Equity : 0.32 (As of Sep. 2023)

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What is Niks Technology Debt-to-Equity?

Niks Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹5.05 Mil. Niks Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.00 Mil. Niks Technology's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹15.83 Mil. Niks Technology's debt to equity for the quarter that ended in Sep. 2023 was 0.32.

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 Niks Technology's Debt-to-Equity or its related term are showing as below:

BOM:543282' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 1.7 Max: 3.94
Current: 0.32

During the past 6 years, the highest Debt-to-Equity Ratio of Niks Technology was 3.94. The lowest was 0.32. And the median was 1.70.

BOM:543282's Debt-to-Equity is ranked worse than
59.85% of 2224 companies
in the Software industry
Industry Median: 0.21 vs BOM:543282: 0.32

Niks Technology Debt-to-Equity Historical Data

The historical data trend for Niks Technology'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.

Niks Technology Debt-to-Equity Chart

Niks Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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3.03

0.37

Niks Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial					-	-	-	-	0.32

Competitive Comparison of Niks Technology's Debt-to-Equity

For the Information Technology Services subindustry, Niks Technology'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.

Niks Technology's Debt-to-Equity Distribution in the Software Industry

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

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

Niks Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Niks Technology'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	+	0)	/	12.553
	=	0.00

Niks Technology'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
	=	(5.054	+	0)	/	15.826
	=	0.32

Niks Technology (BOM:543282) 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.

Niks Technology Debt-to-Equity Related Terms

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

Niks Technology (BOM:543282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Niks Technology Ltd (BOM:543282) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Old Bypass Main Road, Flat No. 501, Shiv Laxmi Plaza, Opposite Rajendra Nagar Terminal, Kankarbagh, Patna, BR, IND, 800020

Website

https://www.nikstech.com

Niks Technology Ltd is an information technology solution service provider company. It offers a range of services such as cyber security, digital marketing, software development, website development, mobile app development, android app development, and classroom training and certification courses to students through offline and online routes.

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