Purple Entertainment (BOM:540159) Debt-to-Equity : 0.86 (As of Sep. 2024)

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What is Purple Entertainment Debt-to-Equity?

Purple Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹18.85 Mil. Purple Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹67.18 Mil. Purple Entertainment's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹99.82 Mil. Purple Entertainment's debt to equity for the quarter that ended in Sep. 2024 was 0.86.

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 Purple Entertainment's Debt-to-Equity or its related term are showing as below:

BOM:540159' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.9 Max: 1.33
Current: 0.86

During the past 13 years, the highest Debt-to-Equity Ratio of Purple Entertainment was 1.33. The lowest was 0.04. And the median was 0.90.

BOM:540159's Debt-to-Equity is ranked worse than
73.29% of 831 companies
in the Media - Diversified industry
Industry Median: 0.28 vs BOM:540159: 0.86

Purple Entertainment Debt-to-Equity Historical Data

The historical data trend for Purple Entertainment'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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Purple Entertainment Debt-to-Equity Chart

Purple Entertainment Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.88

1.33

0.84

1.01

1.19

Purple Entertainment Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.07	N/A	1.19	N/A	0.86

Competitive Comparison of Purple Entertainment's Debt-to-Equity

For the Entertainment subindustry, Purple Entertainment'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.

Purple Entertainment's Debt-to-Equity Distribution in the Media - Diversified Industry

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

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

Purple Entertainment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Purple Entertainment'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
	=	(52.966	+	63.737)	/	98.06
	=	1.19

Purple Entertainment's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(18.851	+	67.179)	/	99.824
	=	0.86

Purple Entertainment (BOM:540159) 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.

Purple Entertainment Debt-to-Equity Related Terms

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Purple Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Purple Entertainment Ltd (BOM:540159) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Income Tax Cross Road, Ashram Road, Char Rasta, 30-B, Third Floor, Ajanta Complex, Ahmedabad, GJ, IND, 380009

Website

https://www.purple-entertainment.co.in

Purple Entertainment Ltd is engaged in entertainment and its related activities. Currently, the company is in the business of Short Film Making, Shooting Ad Film Making, Advertising Management, Live Shows and total entertainment solution on large scale. It is providing one-step solution for all kinds of entertainment, media world and short film production to people at large and corporate at large.

Purple Entertainment Headlines

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