Veer Global Infraconstruction (BOM:543241) Debt-to-Equity : 0.01 (As of Sep. 2023)

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Veer Global Infraconstruction's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.0 Mil. Veer Global Infraconstruction's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹3.2 Mil. Veer Global Infraconstruction's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹315.6 Mil. Veer Global Infraconstruction's debt to equity for the quarter that ended in Sep. 2023 was 0.01.

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 Veer Global Infraconstruction's Debt-to-Equity or its related term are showing as below:

BOM:543241' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.91
Current: 0.01

During the past 6 years, the highest Debt-to-Equity Ratio of Veer Global Infraconstruction was 0.91. The lowest was 0.01. And the median was 0.02.

BOM:543241's Debt-to-Equity is ranked better than
99.94% of 1585 companies
in the Real Estate industry
Industry Median: 0.76 vs BOM:543241: 0.01

Veer Global Infraconstruction Debt-to-Equity Historical Data

The historical data trend for Veer Global Infraconstruction'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.

Veer Global Infraconstruction Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.22

0.02

0.01

Veer Global Infraconstruction Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial					0.91	0.01	0.77	0.01	0.01

Competitive Comparison

For the Real Estate - Development subindustry, Veer Global Infraconstruction'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.

Veer Global Infraconstruction Debt-to-Equity Distribution

For the Real Estate industry and Real Estate sector, Veer Global Infraconstruction's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Veer Global Infraconstruction's Debt-to-Equity falls into.

Veer Global Infraconstruction Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Veer Global Infraconstruction'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	+	3.594)	/	311.413
	=	0.01

Veer Global Infraconstruction'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	+	3.172)	/	315.609
	=	0.01

Veer Global Infraconstruction (BOM:543241) 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.

Veer Global Infraconstruction Debt-to-Equity Related Terms

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Veer Global Infraconstruction (BOM:543241) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Veer Global Infraconstruction Ltd (BOM:543241) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

A-01 Shalibhadra Classic, 100 feet Link Road, Near Union Bank of India, Nalasopara East, Thane, MH, IND, 401 209

Website

http://www.veergloballtd.com

Veer Global Infraconstruction Ltd is engaged in the construction business, such as location identification, acquisition, project planning, designing, and development. Its business divisions include residential projects, business and retail properties, Integrated Townships, and Commercials Plaza.

Veer Global Infraconstruction (BOM:543241) Headlines

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