Purshottam Investofin (BOM:538647) Debt-to-Equity : 1.15 (As of Mar. 2024)

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What is Purshottam Investofin Debt-to-Equity?

Purshottam Investofin's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil. Purshottam Investofin's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹449.1 Mil. Purshottam Investofin's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹391.1 Mil. Purshottam Investofin's debt to equity for the quarter that ended in Mar. 2024 was 1.15.

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 Purshottam Investofin's Debt-to-Equity or its related term are showing as below:

BOM:538647' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.36 Max: 1.97
Current: 1.15

During the past 11 years, the highest Debt-to-Equity Ratio of Purshottam Investofin was 1.97. The lowest was 0.01. And the median was 0.36.

BOM:538647's Debt-to-Equity is ranked worse than
77.3% of 608 companies
in the Capital Markets industry
Industry Median: 0.355 vs BOM:538647: 1.15

Purshottam Investofin Debt-to-Equity Historical Data

The historical data trend for Purshottam Investofin'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.

Purshottam Investofin Debt-to-Equity Chart

Purshottam Investofin Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.01

0.70

1.82

1.97

1.15

Purshottam Investofin 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															1.97	N/A	1.13	N/A	1.15

Competitive Comparison of Purshottam Investofin's Debt-to-Equity

For the Capital Markets subindustry, Purshottam Investofin'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.

Purshottam Investofin's Debt-to-Equity Distribution in the Capital Markets Industry

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

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

Purshottam Investofin Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Purshottam Investofin'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	+	449.111)	/	391.14
	=	1.15

Purshottam Investofin'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	+	449.111)	/	391.14
	=	1.15

Purshottam Investofin (BOM:538647) 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.

Purshottam Investofin Debt-to-Equity Related Terms

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Purshottam Investofin (BOM:538647) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Purshottam Investofin Ltd (BOM:538647) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Green Park Extension, L-7, Menz Floor, New Delhi, IND, 110016

Website

https://www.purshottaminvestofin.in

Purshottam Investofin Ltd is an India-based non-banking finance company. It is engaged in the business of trading in securities and providing finances to micro, small, and medium enterprises. A majority of revenue is generated from the trading in securities activity. It also provides advisory services.

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