Greencrest Financial Services (BOM:531737) Debt-to-Equity : 0.65 (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Greencrest Financial Services Debt-to-Equity?

Greencrest Financial Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹23.9 Mil. Greencrest Financial Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹323.4 Mil. Greencrest Financial Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹537.4 Mil. Greencrest Financial Services's debt to equity for the quarter that ended in Mar. 2024 was 0.65.

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 Greencrest Financial Services's Debt-to-Equity or its related term are showing as below:

BOM:531737' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.94
Current: 0.65

During the past 13 years, the highest Debt-to-Equity Ratio of Greencrest Financial Services was 0.94. The lowest was 0.00. And the median was 0.02.

BOM:531737's Debt-to-Equity is ranked worse than
63.49% of 608 companies
in the Capital Markets industry
Industry Median: 0.355 vs BOM:531737: 0.65

Greencrest Financial Services Debt-to-Equity Historical Data

The historical data trend for Greencrest Financial Services'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.

Greencrest Financial Services Debt-to-Equity Chart

Greencrest Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

0.01

0.02

0.49

0.94

0.65

Greencrest Financial Services 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															0.94	N/A	0.36	N/A	0.65

Competitive Comparison of Greencrest Financial Services's Debt-to-Equity

For the Capital Markets subindustry, Greencrest Financial Services'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.

Greencrest Financial Services's Debt-to-Equity Distribution in the Capital Markets Industry

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

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

Greencrest Financial Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Greencrest Financial Services'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
	=	(23.872	+	323.385)	/	537.381
	=	0.65

Greencrest Financial Services'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
	=	(23.872	+	323.385)	/	537.381
	=	0.65

Greencrest Financial Services (BOM:531737) 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.

Greencrest Financial Services Debt-to-Equity Related Terms

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

Greencrest Financial Services (BOM:531737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Greencrest Financial Services Ltd (BOM:531737) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8, Ganesh Chandra Avenue, Saha Court, 1st Floor, Kolkata, WB, IND, 700 013

Website

https://www.greencrestfin.com

Greencrest Financial Services Ltd is an India based non-banking financial company focused on Finance and Investments business. The company is engaged in financing, investing in shares and securities, commodities and other related activities of capital marketing. The firm is in the single business of trading in shares and securities and generates its entire revenue from this operation.

Greencrest Financial Services (BOM:531737) Headlines

No Headlines