Siti Networks (BOM:532795) Debt-to-Equity : -0.83 (As of Sep. 2023)

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What is Siti Networks Debt-to-Equity?

Siti Networks's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹7,702 Mil. Siti Networks's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹138 Mil. Siti Networks's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹-9,422 Mil. Siti Networks's debt to equity for the quarter that ended in Sep. 2023 was -0.83.

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 Siti Networks's Debt-to-Equity or its related term are showing as below:

BOM:532795' s Debt-to-Equity Range Over the Past 10 Years
Min: -246.09 Med: 2.06 Max: 18.47
Current: -0.83

During the past 13 years, the highest Debt-to-Equity Ratio of Siti Networks was 18.47. The lowest was -246.09. And the median was 2.06.

BOM:532795's Debt-to-Equity is not ranked
in the Media - Diversified industry.
Industry Median: 0.29 vs BOM:532795: -0.83

Siti Networks Debt-to-Equity Historical Data

The historical data trend for Siti Networks'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.

Siti Networks Debt-to-Equity Chart

Siti Networks Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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7.28

-246.09

-4.16

-1.98

-1.19

Siti Networks Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-1.49	N/A	-1.19	N/A	-0.83

Competitive Comparison of Siti Networks's Debt-to-Equity

For the Entertainment subindustry, Siti Networks'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.

Siti Networks's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Siti Networks's Debt-to-Equity distribution charts can be found below:

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

Siti Networks Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Siti Networks's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 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
	=	(9049.01	+	142.76)	/	-7758.92
	=	-1.18

Siti Networks's Debt to Equity Ratio for the quarter that ended in Sep. 2023 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
	=	(7702.12	+	138.02)	/	-9421.85
	=	-0.83

Siti Networks (BOM:532795) 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.

Siti Networks Debt-to-Equity Related Terms

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Siti Networks (BOM:532795) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Siti Networks Ltd (BOM:532795) » Definitions » Debt-to-Equity

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SITINET:India

Address

Film City - Plot No. 19 and 20, Sector -16A, Upper Ground Floor, Film City, Noida, UP, IND, 201 301

Website

https://www.sitinetworks.com

Siti Networks Ltd is an Indian-based multi-system cable operator. It is engaged in providing cable television network services, internet services, and allied services. Its products includes High-Speed Broadband, Digital Television, Broadband, Local Television Channels, and Electronic Programming. The company also provides a wide gamut of services ranging from OTT and High-speed gaming ready services to IoT Ready Network with security camera and surveillance services to even business solutions in the ILP & ILL domains. The company operates in a single business segment of cable distribution and earns revenue from the same.

Siti Networks (BOM:532795) Headlines

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