Indergiri Finance (BOM:531505) Debt-to-Equity : 0.86 (As of Mar. 2024)

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What is Indergiri Finance Debt-to-Equity?

Indergiri Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil. Indergiri Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹37.22 Mil. Indergiri Finance's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹43.29 Mil. Indergiri Finance's debt to equity for the quarter that ended in Mar. 2024 was 0.86.

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

BOM:531505' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.86 Med: 0.86 Max: 0.86
Current: 0.86

During the past 13 years, the highest Debt-to-Equity Ratio of Indergiri Finance was 0.86. The lowest was 0.86. And the median was 0.86.

BOM:531505's Debt-to-Equity is ranked worse than
84.92% of 1008 companies
in the Asset Management industry
Industry Median: 0.19 vs BOM:531505: 0.86

Indergiri Finance Debt-to-Equity Historical Data

The historical data trend for Indergiri Finance'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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Indergiri Finance Debt-to-Equity Chart

Indergiri Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.86

Indergiri Finance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	-	0.11	0.69	0.86

Competitive Comparison of Indergiri Finance's Debt-to-Equity

For the Asset Management subindustry, Indergiri Finance'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.

Indergiri Finance's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Indergiri Finance's Debt-to-Equity distribution charts can be found below:

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

Indergiri Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Indergiri Finance'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	+	37.222)	/	43.291
	=	0.86

Indergiri Finance'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	+	37.222)	/	43.291
	=	0.86

Indergiri Finance (BOM:531505) 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.

Indergiri Finance Debt-to-Equity Related Terms

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Indergiri Finance (BOM:531505) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Indergiri Finance Ltd (BOM:531505) » Definitions » Debt-to-Equity

Comparable Companies

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Address

Andheri Kurla Road, Unit No. 806, B Wing 8th Floor, Kanakia Wall Street, Chakala, Andheri East, Mumbai, MH, IND, 400093

Website

https://www.indergiri.com

Indergiri Finance Ltd is a non-banking finance company (NBFC). It is engaged in fund base business activities of leasing, hire purchase, lending, and investment besides non-fund based business activities like merchant banking, syndication, and arrangement of finance etc. The company operates mainly in the business segment of fund based financing activity. All activities of the business are carried out within India.

Indergiri Finance (BOM:531505) Headlines

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