Dhruv Wellness (BOM:540695) Debt-to-Equity : -1.31 (As of Sep. 2023)

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What is Dhruv Wellness Debt-to-Equity?

Dhruv Wellness's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹158.79 Mil. Dhruv Wellness's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹27.90 Mil. Dhruv Wellness's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹-142.28 Mil. Dhruv Wellness's debt to equity for the quarter that ended in Sep. 2023 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 Dhruv Wellness's Debt-to-Equity or its related term are showing as below:

BOM:540695's Debt-to-Equity is not ranked ^*
in the Medical Distribution industry.
Industry Median: 0.39
* Ranked among companies with meaningful Debt-to-Equity only.

Dhruv Wellness Debt-to-Equity Historical Data

The historical data trend for Dhruv Wellness'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.

Dhruv Wellness Debt-to-Equity Chart

Dhruv Wellness Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.33

-2.16

-1.38

-1.39

Dhruv Wellness Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial										-1.31	-1.38	-1.31	-1.39	-1.31

Competitive Comparison of Dhruv Wellness's Debt-to-Equity

For the Medical Distribution subindustry, Dhruv Wellness'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.

Dhruv Wellness's Debt-to-Equity Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Dhruv Wellness's Debt-to-Equity distribution charts can be found below:

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

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Dhruv Wellness Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dhruv Wellness'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
	=	(169.242	+	27.901)	/	-142.301
	=	-1.39

Dhruv Wellness'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
	=	(158.794	+	27.901)	/	-142.279
	=	-1.31

Dhruv Wellness (BOM:540695) 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.

Dhruv Wellness Debt-to-Equity Related Terms

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Dhruv Wellness Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Dhruv Wellness Ltd (BOM:540695) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jai Bhavani Lane, 207, Shop No. 2, C-Wing, Royal Appartment, Kasambaug, Opp Bachani Nagar, Malad - East, Mumbai, MH, IND, 400097

Website

http://www.dhruvwellness.in

Dhruv Wellness Ltd is engaged in the wholesale and distribution of general, ayurvedic, pharmaceutical, and cosmetic products. It operates as a stockist of medical, general cosmetics, and pharmaceutical products. Some of the company's products are Kesho Grow, Livopro, Musli Vita, Ortho Cure, and among others.

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