Dev Labtech Venture (BOM:543848) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is Dev Labtech Venture Debt-to-Equity?

Dev Labtech Venture's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.3 Mil. Dev Labtech Venture's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹10.7 Mil. Dev Labtech Venture's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹257.8 Mil. Dev Labtech Venture's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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 Dev Labtech Venture's Debt-to-Equity or its related term are showing as below:

BOM:543848' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.61 Max: 1.2
Current: 0.04

During the past 5 years, the highest Debt-to-Equity Ratio of Dev Labtech Venture was 1.20. The lowest was 0.04. And the median was 0.61.

BOM:543848's Debt-to-Equity is ranked better than
94.23% of 1005 companies
in the Retail - Cyclical industry
Industry Median: 0.61 vs BOM:543848: 0.04

Dev Labtech Venture Debt-to-Equity Historical Data

The historical data trend for Dev Labtech Venture'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.

Dev Labtech Venture Debt-to-Equity Chart

Dev Labtech Venture Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

1.06

1.20

0.61

0.06

0.04

Dev Labtech Venture Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			0.61	0.16	0.06	0.06	0.04

Competitive Comparison of Dev Labtech Venture's Debt-to-Equity

For the Luxury Goods subindustry, Dev Labtech Venture'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.

Dev Labtech Venture's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Dev Labtech Venture's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Dev Labtech Venture's Debt-to-Equity falls into.

Dev Labtech Venture Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dev Labtech Venture'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
	=	(0.283	+	10.738)	/	257.767
	=	0.04

Dev Labtech Venture'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
	=	(0.283	+	10.738)	/	257.767
	=	0.04

Dev Labtech Venture (BOM:543848) 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.

Dev Labtech Venture Debt-to-Equity Related Terms

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Dev Labtech Venture (BOM:543848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Dev Labtech Venture Ltd (BOM:543848) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Dairy Road, Near Nilambaug Circle, GF/22-23, Pattani Plaza, Bhavnagar, GJ, IND, 364002

Website

https://www.devlabtechventure.com

Dev Labtech Venture Ltd is engaged in the business of manufacturing, marketing and sourcing of diamonds: Natural and Lab grown having wide application in Jewelry. It operates in both domestic and export markets. It exports its products to United States and Hong Kong.

Dev Labtech Venture (BOM:543848) Headlines

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