CarTrade Tech (BOM:543333) Debt-to-Equity : 0.05 (As of Mar. 2024)

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What is CarTrade Tech Debt-to-Equity?

CarTrade Tech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹185 Mil. CarTrade Tech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹940 Mil. CarTrade Tech's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹20,700 Mil. CarTrade Tech's debt to equity for the quarter that ended in Mar. 2024 was 0.05.

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 CarTrade Tech's Debt-to-Equity or its related term are showing as below:

BOM:543333' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.04 Max: 0.05
Current: 0.05

During the past 6 years, the highest Debt-to-Equity Ratio of CarTrade Tech was 0.05. The lowest was 0.03. And the median was 0.04.

BOM:543333's Debt-to-Equity is ranked better than
90.74% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs BOM:543333: 0.05

CarTrade Tech Debt-to-Equity Historical Data

The historical data trend for CarTrade Tech'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.

CarTrade Tech Debt-to-Equity Chart

CarTrade Tech Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

0.03

0.04

0.05

CarTrade Tech Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial												0.04	N/A	0.05	N/A	0.05

Competitive Comparison of CarTrade Tech's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, CarTrade Tech'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.

CarTrade Tech's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CarTrade Tech's Debt-to-Equity distribution charts can be found below:

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

CarTrade Tech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CarTrade Tech'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
	=	(184.979	+	939.778)	/	20699.949
	=	0.05

CarTrade Tech'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
	=	(184.979	+	939.778)	/	20699.949
	=	0.05

CarTrade Tech (BOM:543333) 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.

CarTrade Tech Debt-to-Equity Related Terms

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

CarTrade Tech (BOM:543333) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CarTrade Tech Ltd (BOM:543333) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CARTRADE:India

Address

S Pranavanandji Marg, Vishwaroop IT Park, 12th Floor, Sector 30A, Vashi, Navi Mumbai, MH, IND, 400 705

Website

https://www.cartradetech.com

CarTrade Tech Ltd is a multi-channel auto platform provider company. The company operates various brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz. The platform connects new and used automobile customers, vehicle dealers, vehicle OEMs, and other businesses to buy and sell different types of vehicles. The company offers a variety of solutions across automotive transactions for buying, selling, marketing, financing, and other activities.

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