MakeMyTrip (MakeMyTrip) Debt-to-Equity

: 0.27 (As of Dec. 2023)

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MakeMyTrip's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $232.5 Mil. MakeMyTrip's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $16.3 Mil. MakeMyTrip's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $936.5 Mil. MakeMyTrip's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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

MMYT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 6.73
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of MakeMyTrip was 6.73. The lowest was 0.00. And the median was 0.02.

MMYT's Debt-to-Equity is ranked better than
65.6% of 686 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs MMYT: 0.27

MakeMyTrip Debt-to-Equity Historical Data

The historical data trend for MakeMyTrip'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.

MakeMyTrip Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.03

0.23

0.24

0.27

MakeMyTrip Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.27	0.27	0.27	0.27	0.27

Competitive Comparison

For the Travel Services subindustry, MakeMyTrip'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.

MakeMyTrip Debt-to-Equity Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, MakeMyTrip's Debt-to-Equity distribution charts can be found below:

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

MakeMyTrip Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MakeMyTrip'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
	=	(219.514	+	15.65)	/	869.566
	=	0.27

MakeMyTrip's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(232.463	+	16.261)	/	936.517
	=	0.27

MakeMyTrip (NAS:MMYT) 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.

MakeMyTrip Debt-to-Equity Related Terms

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MakeMyTrip (MakeMyTrip) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MakeMyTrip Ltd (NAS:MMYT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MY1:Germany MY1:Germany

Address

DLF Cyber City, DLF Phase 2, 19th Floor, Building No. 5, Tower B, Sector 25, Gurugram, HR, IND, 122002

Website

https://www.makemytrip.com

MakeMyTrip Ltd is an online travel company, which provides online booking solutions for day-to-day travel needs. The company's operating segment includes Air ticketing; Hotels and packages; Bus ticketing and Others. It generates maximum revenue from the Hotels and packages segment. The Hotels and packages segments include internet-based platforms, call-centers, and branch offices, which provide holiday packages and hotel reservations. Its Air ticketing segment includes internet-based platforms, provides the facility to book domestic and international air tickets. Geographically, it derives a majority of revenue from India and also has a presence in the United States; South East Asia; Europe, and other countries.