Modis Navnirman (BOM:543539) Debt-to-Equity : 0.07 (As of Mar. 2024)

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What is Modis Navnirman Debt-to-Equity?

Modis Navnirman's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil. Modis Navnirman's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹57.9 Mil. Modis Navnirman's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹854.7 Mil. Modis Navnirman's debt to equity for the quarter that ended in Mar. 2024 was 0.07.

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 Modis Navnirman's Debt-to-Equity or its related term are showing as below:

BOM:543539' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.23 Max: 500.46
Current: 0.07

During the past 5 years, the highest Debt-to-Equity Ratio of Modis Navnirman was 500.46. The lowest was 0.07. And the median was 0.23.

BOM:543539's Debt-to-Equity is ranked better than
89.91% of 1586 companies
in the Real Estate industry
Industry Median: 0.76 vs BOM:543539: 0.07

Modis Navnirman Debt-to-Equity Historical Data

The historical data trend for Modis Navnirman'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.

Modis Navnirman Debt-to-Equity Chart

Modis Navnirman Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

500.46

0.18

5.13

0.23

0.07

Modis Navnirman Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			5.13	0.09	0.23	0.40	0.07

Competitive Comparison of Modis Navnirman's Debt-to-Equity

For the Real Estate - Development subindustry, Modis Navnirman'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.

Modis Navnirman's Debt-to-Equity Distribution in the Real Estate Industry

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

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

Modis Navnirman Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Modis Navnirman'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	+	57.865)	/	854.748
	=	0.07

Modis Navnirman'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	+	57.865)	/	854.748
	=	0.07

Modis Navnirman (BOM:543539) 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.

Modis Navnirman Debt-to-Equity Related Terms

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Modis Navnirman Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Modis Navnirman Ltd (BOM:543539) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

M G Road, Shop No. 1, Rashmi Heights, Opposite Kamla Nagar, Kandivali (West), Mumbai, MH, IND, 400067

Website

https://www.modisnirman.com

Modis Navnirman Ltd is engaged in the real estate sector. It focuses on the mid-market and affordable housing categories as its target segment within the residential housing market. The company's projects are located in the western suburbs of Mumbai specifically in and around the areas of Borivali, Kandivali, Malad and Goregaon. The company projects are Rashmi Enclave, Badshah Residency, Rashmi Jewel, Rashmi Terrace and others.

Modis Navnirman Headlines

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