Swastika Investsmart (BOM:530585) Debt-to-Equity : 0.24 (As of Sep. 2024)

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What is Swastika Investsmart Debt-to-Equity?

Swastika Investsmart's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹0.0 Mil. Swastika Investsmart's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹219.4 Mil. Swastika Investsmart's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹925.7 Mil. Swastika Investsmart's debt to equity for the quarter that ended in Sep. 2024 was 0.24.

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

BOM:530585' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.6 Max: 1.88
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Swastika Investsmart was 1.88. The lowest was 0.24. And the median was 0.60.

BOM:530585's Debt-to-Equity is ranked better than
54.27% of 597 companies
in the Capital Markets industry
Industry Median: 0.3 vs BOM:530585: 0.24

Swastika Investsmart Debt-to-Equity Historical Data

The historical data trend for Swastika Investsmart'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.

Swastika Investsmart Debt-to-Equity Chart

Swastika Investsmart Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.53

0.65

0.28

0.54

0.35

Swastika Investsmart Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.33	N/A	0.35	0.24

Competitive Comparison of Swastika Investsmart's Debt-to-Equity

For the Capital Markets subindustry, Swastika Investsmart'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.

Swastika Investsmart's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Swastika Investsmart's Debt-to-Equity distribution charts can be found below:

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

Swastika Investsmart Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Swastika Investsmart'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
	=	(138.8	+	138.8)	/	796.001
	=	0.35

Swastika Investsmart'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
	=	(0	+	219.431)	/	925.727
	=	0.24

Swastika Investsmart (BOM:530585) 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.

Swastika Investsmart Debt-to-Equity Related Terms

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

Swastika Investsmart Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Swastika Investsmart Ltd (BOM:530585) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

48, M.Y.H. Road, Jaora Compound, Indore, MP, IND, 452001

Website

https://www.swastika.co.in

Swastika Investsmart Ltd is a fintech company. The company offers services like Stock broking, Algo trading, in-house Research Facility, Mutual Funds, Investment Banking, insurance broking and Loan facilities to clients. The company's operating segment includes Broking and Related Activities and Financing Activities. The company generates maximum revenue from the Broking and Related Activities segment.

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