Ashtasidhhi Industries (BOM:531341) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Ashtasidhhi Industries Debt-to-Equity?

Ashtasidhhi Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil. Ashtasidhhi Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil. Ashtasidhhi Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹101.71 Mil. Ashtasidhhi Industries's debt to equity for the quarter that ended in Mar. 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 Ashtasidhhi Industries's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Ashtasidhhi Industries was 0.04. The lowest was 0.02. And the median was 0.03.

BOM:531341's Debt-to-Equity is not ranked ^*
in the Credit Services industry.
Industry Median: 1.16
* Ranked among companies with meaningful Debt-to-Equity only.

Ashtasidhhi Industries Debt-to-Equity Historical Data

The historical data trend for Ashtasidhhi Industries'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.

Ashtasidhhi Industries Debt-to-Equity Chart

Ashtasidhhi Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.02

Ashtasidhhi Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	N/A	-	N/A	-

Competitive Comparison of Ashtasidhhi Industries's Debt-to-Equity

For the Credit Services subindustry, Ashtasidhhi Industries'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.

Ashtasidhhi Industries's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Ashtasidhhi Industries's Debt-to-Equity distribution charts can be found below:

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

Ashtasidhhi Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ashtasidhhi Industries'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
	=	(0	+	0)	/	101.705
	=	0.00

Ashtasidhhi Industries's Debt to Equity Ratio for the quarter 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
	=	(0	+	0)	/	101.705
	=	0.00

Ashtasidhhi Industries (BOM:531341) 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.

Ashtasidhhi Industries Debt-to-Equity Related Terms

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Ashtasidhhi Industries (BOM:531341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ashtasidhhi Industries Ltd (BOM:531341) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

252, New Cloth Market, Opposite Raipur Gate, Ahmedabad, GJ, IND, 380002

Website

https://www.gujaratinvesta.com

Ashtasidhhi Industries Ltd Formerly Gujarat Investa Ltd operates as a non-banking finance company in India. It is engaged in the finance, investment, and leasing businesses, as well as the hire or acquisition of immovable or movable property. It has primary segments for revenue generation in finance. The company generates revenue from Interest income, Dividends received and the sale of Investments.

Ashtasidhhi Industries (BOM:531341) Headlines

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