Majesco (Majesco) Debt-to-Equity : 0.04 (As of Jun. 2020)

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What is Majesco Debt-to-Equity?

Majesco's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was $2.7 Mil. Majesco's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was $2.0 Mil. Majesco's Total Stockholders Equity for the quarter that ended in Jun. 2020 was $108.9 Mil. Majesco's debt to equity for the quarter that ended in Jun. 2020 was 0.04.

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

MJCO's Debt-to-Equity is not ranked ^*
in the Software industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

Majesco Debt-to-Equity Historical Data

The historical data trend for Majesco'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.

Majesco Debt-to-Equity Chart

Majesco Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Debt-to-Equity

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0.31

0.29

0.30

0.01

0.03

Majesco Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.05	0.04	0.03	0.04

Competitive Comparison of Majesco's Debt-to-Equity

For the Software - Application subindustry, Majesco'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.

Majesco's Debt-to-Equity Distribution in the Software Industry

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

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

Majesco Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Majesco's Debt to Equity Ratio for the fiscal year that ended in Mar. 2020 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
	=	(1.424	+	1.679)	/	106.613
	=	0.03

Majesco's Debt to Equity Ratio for the quarter that ended in Jun. 2020 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
	=	(2.734	+	1.966)	/	108.924
	=	0.04

Majesco (NAS:MJCO) 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.

Majesco Debt-to-Equity Related Terms

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

Majesco (Majesco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Majesco (NAS:MJCO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

412 Mount Kemble Avenue, Suite 110C, Morristown, NJ, USA, 07960

Website

https://www.majesco.com

Majesco is the United States based provides core insurance software, consulting and services for business transformation for the insurance industry. It offers core software solutions for property and casualty, life and annuity, and Pensions Group Employee Benefits providers allowing them to manage policy management claims management and billing functions. In addition to the United States, it operates in Canada, the United Kingdom, Malaysia, Thailand, Singapore, New Zealand and India. It also offers a variety of other technology-based solutions for distribution management, digital, data and cloud that enable organizations to automate business processes across the end-to-end insurance value chain and comply with policies and regulations across their organizations.

Executives

Arun K Maheshwari	director	255 FISERV DRIVE, BROOKFIELD WI 53045
James Jeffrey Miller	officer: Chief Revenue Officer	412 MOUNT KEMBLE AVENUE SUITE 110C MORRISTOWN NJ 07960
Rajesh Hukku	director	412 MOUNT KEMBLE AVENUE, SUITE 110C MORRISTOWN NJ 07960
Mallinath Sengupta	officer: EVP, Global Services & Support	412 MOUNT KEMBLE AVENUE, SUITE 110C MORRISTOWN NJ 07960
Bithindra N Bhattacharya	officer: SVP, Finance	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Farid Kazani	officer: Interim CFO	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Majesco Ltd	10 percent owner	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Edward Ossie	officer: COO	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Sudhakar Ram	director	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Prateek Kumar Solanki	officer: EVP, Americas	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Adam Elster	director, officer: Chief Executive Officer	520 MADISON AVENUE NEW YORK NY 10022
Carolyn M Johnson	director	230 PARK AVENUE, NEW YORK NY 10169
Ketan Mehta	director	170 NEWPORT CENTER DRIVE SUITE 260 NEWPORT BEACH CA 92660
Manish D Shah	officer: President and CPO	55 LANE ROAD FAIRFIELD CT 07004
Lori Lynn Stanley	officer: Gen. Counsel & Corp. Secretary	192 LEXINGTON AVENUE NEW YORK NY 10016