Timescan Logistics (India) (NSE:TIMESCAN) Debt-to-Equity : 0.11 (As of Sep. 2023)

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What is Timescan Logistics (India) Debt-to-Equity?

Timescan Logistics (India)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹19 Mil. Timescan Logistics (India)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0 Mil. Timescan Logistics (India)'s Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹179 Mil. Timescan Logistics (India)'s debt to equity for the quarter that ended in Sep. 2023 was 0.11.

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 Timescan Logistics (India)'s Debt-to-Equity or its related term are showing as below:

NSE:TIMESCAN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.13 Max: 0.52
Current: 0.11

During the past 5 years, the highest Debt-to-Equity Ratio of Timescan Logistics (India) was 0.52. The lowest was 0.08. And the median was 0.13.

NSE:TIMESCAN's Debt-to-Equity is ranked better than
87.41% of 882 companies
in the Transportation industry
Industry Median: 0.57 vs NSE:TIMESCAN: 0.11

Timescan Logistics (India) Debt-to-Equity Historical Data

The historical data trend for Timescan Logistics (India)'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.

Timescan Logistics (India) Debt-to-Equity Chart

Timescan Logistics (India) Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.13

0.08

0.28

0.22

0.12

Timescan Logistics (India) Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	0.22	0.52	0.12	0.11

Competitive Comparison of Timescan Logistics (India)'s Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Timescan Logistics (India)'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.

Timescan Logistics (India)'s Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Timescan Logistics (India)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Timescan Logistics (India)'s Debt-to-Equity falls into.

Timescan Logistics (India) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Timescan Logistics (India)'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
	=	(20	+	0)	/	165.883
	=	0.12

Timescan Logistics (India)'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
	=	(19	+	0)	/	179.349
	=	0.11

Timescan Logistics (India) (NSE:TIMESCAN) 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.

Timescan Logistics (India) Debt-to-Equity Related Terms

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Timescan Logistics (India) (NSE:TIMESCAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Timescan Logistics (India) Ltd (NSE:TIMESCAN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

18/3, Rukmani Lakshmipathy Road, (Marshalls Road), Rajah Annamalai Buildings, Annex 3rd Floor, Egmore, Chennai, TN, IND, 600 008

Website

http://www.timescan.in

Timescan Logistics (India) Ltd is a multimodal transport operator that offers logistics services involving land, air, and sea transportation and third-party logistics provider. The business provides a complete range of transport and freight-related services like freight forwarding, customs clearance, warehousing, transportation, multimodal transportation, project cargo, vessel charter and packaging.

Timescan Logistics (India) (NSE:TIMESCAN) Headlines

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