63 Moons Technologies (BOM:526881) Debt-to-Equity : 0.00 (As of Sep. 2024)

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What is 63 Moons Technologies Debt-to-Equity?

63 Moons Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹32 Mil. 63 Moons Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹36 Mil. 63 Moons Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹33,182 Mil. 63 Moons Technologies's debt to equity for the quarter that ended in Sep. 2024 was 0.00.

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 63 Moons Technologies's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of 63 Moons Technologies was 0.17. The lowest was 0.00. And the median was 0.00.

BOM:526881's Debt-to-Equity is not ranked ^*
in the Software industry.
Industry Median: 0.22
* Ranked among companies with meaningful Debt-to-Equity only.

63 Moons Technologies Debt-to-Equity Historical Data

The historical data trend for 63 Moons Technologies'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.

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63 Moons Technologies Debt-to-Equity Chart

63 Moons Technologies Annual Data

Trend

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Mar24

Debt-to-Equity

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63 Moons Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															-	N/A	-	N/A	-

Competitive Comparison of 63 Moons Technologies's Debt-to-Equity

For the Software - Application subindustry, 63 Moons Technologies'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.

63 Moons Technologies's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, 63 Moons Technologies's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 63 Moons Technologies's Debt-to-Equity falls into.

63 Moons Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

63 Moons Technologies'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
	=	(25.083	+	26.628)	/	33473.666
	=	0.00

63 Moons Technologies's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(32.403	+	35.71)	/	33182.108
	=	0.00

63 Moons Technologies (BOM:526881) 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.

63 Moons Technologies Debt-to-Equity Related Terms

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63 Moons Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 63 Moons Technologies Ltd (BOM:526881) » Definitions » Debt-to-Equity

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63MOONS:India

Address

Suren Road, FT Tower, CTS No. 256 and 257, Chakala, Andheri (East), Mumbai, MH, IND, 400 093

Website

https://www.63moons.com

63 Moons Technologies Ltd is a company that is involved in the business of offering technology intellectual property and domain expertise to create and trade on next-generation financial markets across all asset classes including equities, commodities, currencies, and bonds among others. Its products and solutions portfolio includes exchange technology solutions, brokerage technology solutions, and risk solutions. The company's business segments include Straight Through Processing (STP) technologies and solutions and Others. It derives the majority of its revenues from STP technologies and solutions segment.

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