Entertainment Network (India) (BOM:532700) Debt-to-Equity : 0.25 (As of Mar. 2024)

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What is Entertainment Network (India) Debt-to-Equity?

Entertainment Network (India)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹319 Mil. Entertainment Network (India)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,608 Mil. Entertainment Network (India)'s Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹7,713 Mil. Entertainment Network (India)'s debt to equity for the quarter that ended in Mar. 2024 was 0.25.

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

BOM:532700' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.25 Max: 0.31
Current: 0.25

During the past 13 years, the highest Debt-to-Equity Ratio of Entertainment Network (India) was 0.31. The lowest was 0.12. And the median was 0.25.

BOM:532700's Debt-to-Equity is ranked better than
52.25% of 844 companies
in the Media - Diversified industry
Industry Median: 0.285 vs BOM:532700: 0.25

Entertainment Network (India) Debt-to-Equity Historical Data

The historical data trend for Entertainment Network (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.

Entertainment Network (India) Debt-to-Equity Chart

Entertainment Network (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.25

0.26

0.31

0.26

0.25

Entertainment Network (India) Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.26	N/A	0.26	N/A	0.25

Competitive Comparison of Entertainment Network (India)'s Debt-to-Equity

For the Broadcasting subindustry, Entertainment Network (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.

Entertainment Network (India)'s Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Entertainment Network (India)'s Debt-to-Equity distribution charts can be found below:

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

Entertainment Network (India) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Entertainment Network (India)'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
	=	(318.822	+	1607.761)	/	7712.583
	=	0.25

Entertainment Network (India)'s Debt to Equity Ratio for the quarter 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
	=	(318.822	+	1607.761)	/	7712.583
	=	0.25

Entertainment Network (India) (BOM:532700) 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.

Entertainment Network (India) Debt-to-Equity Related Terms

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Entertainment Network (India) (BOM:532700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Entertainment Network (India) Ltd (BOM:532700) » Definitions » Debt-to-Equity

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ENIL:India

Address

Senapati Bapat Marg, 14th Floor, Trade World, D wing, Kamala Mills Compound, Lower Parel (West), Mumbai, MH, IND, 400013

Website

https://www.enil.co.in

Entertainment Network (India) Ltd is a radio broadcasting company. Its stations are Yo Punjabi Mirchi (Punjabi), Mirchi Tapaka (Telugu), Mirchi Top Takkar (Tamil), Wakao (cool Hindi retro), Mirchi Mehfil (Ghazals) and Mirchi Top 20. It has its FM radio stations under the brand name Radio Mirchi at various places in India. Mirchi streams around 16 online stations on the Gaana.com platform. The company provides radio advertising services and Media Solutions to clients. The firm classifies its Media Solutions as under Branded Solutions that provides various branded services which include Concerts, Award Shows, On-Air properties, Brand Licensing, Multimedia, and Digital services. Managed Solutions provides services to manage the intellectual properties, activities, or events of Clients.

Entertainment Network (India) (BOM:532700) Headlines

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