Karnavati Finance (BOM:538928) Debt-to-Equity : 1.31 (As of Mar. 2024)

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What is Karnavati Finance Debt-to-Equity?

Karnavati Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil. Karnavati Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹155.46 Mil. Karnavati Finance's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹119.08 Mil. Karnavati Finance's debt to equity for the quarter that ended in Mar. 2024 was 1.31.

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

BOM:538928' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.9 Max: 1.31
Current: 1.31

During the past 11 years, the highest Debt-to-Equity Ratio of Karnavati Finance was 1.31. The lowest was 0.00. And the median was 0.90.

BOM:538928's Debt-to-Equity is ranked worse than
52.19% of 433 companies
in the Credit Services industry
Industry Median: 1.16 vs BOM:538928: 1.31

Karnavati Finance Debt-to-Equity Historical Data

The historical data trend for Karnavati 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.

* Premium members only.

Karnavati Finance Debt-to-Equity Chart

Karnavati Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.90

0.43

0.09

0.94

1.31

Karnavati Finance 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	1.26	N/A	1.31

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

For the Credit Services subindustry, Karnavati 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.

Karnavati Finance's Debt-to-Equity Distribution in the Credit Services Industry

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

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

Karnavati Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Karnavati 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	+	155.461)	/	119.077
	=	1.31

Karnavati 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	+	155.461)	/	119.077
	=	1.31

Karnavati Finance (BOM:538928) 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.

Karnavati Finance Debt-to-Equity Related Terms

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Karnavati Finance (BOM:538928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Karnavati Finance Ltd (BOM:538928) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Limda Lane, Vraj, 5th Floor, Opposite President Hotel, Near Bhumi Press, Jamnagar, GJ, IND, 361001

Website

https://www.karnavatifinancelimited.com

Karnavati Finance Ltd is a non-banking financial company. The company provides lending, financing, and wealth management solutions. It offers customized solutions in areas of personal and business loans, corporate finance, mortgages, capital market-based lending, project loans, structured finance, wealth management and digital lending, debt capital markets, and syndication. The company generates revenue in the form of Interest Income.

Karnavati Finance (BOM:538928) Headlines

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