Purohit Construction (BOM:538993) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Purohit Construction Debt-to-Equity?

Purohit Construction's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Purohit Construction's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Purohit Construction's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹20.93 Mil. Purohit Construction's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Purohit Construction's Debt-to-Equity or its related term are showing as below:

BOM:538993' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 1.18
Current: 0.01

During the past 10 years, the highest Debt-to-Equity Ratio of Purohit Construction was 1.18. The lowest was 0.00. And the median was 0.03.

BOM:538993's Debt-to-Equity is ranked better than
99.94% of 1588 companies
in the Real Estate industry
Industry Median: 0.76 vs BOM:538993: 0.01

Purohit Construction Debt-to-Equity Historical Data

The historical data trend for Purohit Construction'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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Purohit Construction Debt-to-Equity Chart

Purohit Construction Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.05

0.03

0.04

Purohit Construction Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.29	-	0.03	0.01	-

Competitive Comparison of Purohit Construction's Debt-to-Equity

For the Real Estate - Development subindustry, Purohit Construction'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.

Purohit Construction's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Purohit Construction's Debt-to-Equity distribution charts can be found below:

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

Purohit Construction Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Purohit Construction'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
	=	(0	+	0)	/	24.65
	=	0.00

Purohit Construction's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0	+	0)	/	20.933
	=	0.00

Purohit Construction (BOM:538993) 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.

Purohit Construction Debt-to-Equity Related Terms

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

Purohit Construction (BOM:538993) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Purohit Construction Ltd (BOM:538993) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

401, Purohit House, Opposite Sardar Patel Stadium, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.purohitconstruction.com

Purohit Construction Ltd is an Indian-based company that operates in the real estate business. The activity of the group includes general construction business which includes alteration, addition, repair, and maintenance of non-residential buildings, carried out on the own-account basis or on a fee or contract basis. It primarily holds an interest in the development of residential, commercial, and CSR projects. The few projects of the group are Sopan Life Style, Sopan Elegance, Sopan Heights, Sukh Sagar, Ami apartment, Shaswat, Sukan, Podar Jumbo Kids and others.

Purohit Construction (BOM:538993) Headlines

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