SBI Cards and Payment Services (BOM:543066) Debt-to-Equity : 3.30 (As of Mar. 2024)

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What is SBI Cards and Payment Services Debt-to-Equity?

SBI Cards and Payment Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil. SBI Cards and Payment Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹398,910 Mil. SBI Cards and Payment Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹120,840 Mil. SBI Cards and Payment Services's debt to equity for the quarter that ended in Mar. 2024 was 3.30.

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 SBI Cards and Payment Services's Debt-to-Equity or its related term are showing as below:

BOM:543066' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.87 Med: 3.3 Max: 5.71
Current: 3.3

During the past 8 years, the highest Debt-to-Equity Ratio of SBI Cards and Payment Services was 5.71. The lowest was 2.87. And the median was 3.30.

BOM:543066's Debt-to-Equity is ranked worse than
77.37% of 433 companies
in the Credit Services industry
Industry Median: 1.18 vs BOM:543066: 3.30

SBI Cards and Payment Services Debt-to-Equity Historical Data

The historical data trend for SBI Cards and Payment Services'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.

SBI Cards and Payment Services Debt-to-Equity Chart

SBI Cards and Payment Services Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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3.29

2.87

3.00

3.21

3.30

SBI Cards and Payment Services 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															3.21	N/A	3.08	N/A	3.30

Competitive Comparison of SBI Cards and Payment Services's Debt-to-Equity

For the Credit Services subindustry, SBI Cards and Payment Services'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.

SBI Cards and Payment Services's Debt-to-Equity Distribution in the Credit Services Industry

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

* The bar in red indicates where SBI Cards and Payment Services's Debt-to-Equity falls into.

SBI Cards and Payment Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SBI Cards and Payment Services'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	+	398910.4)	/	120840.3
	=	3.30

SBI Cards and Payment Services'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
	=	(0	+	398910.4)	/	120840.3
	=	3.30

SBI Cards and Payment Services (BOM:543066) 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.

SBI Cards and Payment Services Debt-to-Equity Related Terms

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

SBI Cards and Payment Services (BOM:543066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SBI Cards and Payment Services Ltd (BOM:543066) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SBICARD:India

Address

DLF Cyber City, Block 2 Building 3, DLF Phase 2, 2nd Floor, Tower-B, Infinity Towers, Gurugram, HR, IND, 122 002

Website

https://www.sbicard.com

SBI Cards and Payment Services Ltd is a credit card issuer in India. The company offers a credit card portfolio to individual cardholders and corporate clients which includes lifestyle, rewards, travel and fuel, shopping, banking partnership cards, and corporate cards covering all cardholder segments in terms of income profiles and lifestyles. It offers four primary SBI Card-branded credit cards SimplySave, SimplyClick, Prime, and Elite, each catering to a varying set of cardholder needs. The Company earns revenue from selling credit card memberships to card holders, income earned from the provision of membership services.

SBI Cards and Payment Services (BOM:543066) Headlines

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