Greenhitech Ventures (BOM:544163) Debt-to-Equity : 0.46 (As of Sep. 2024)

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What is Greenhitech Ventures Debt-to-Equity?

Greenhitech Ventures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹56.1 Mil. Greenhitech Ventures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹0.0 Mil. Greenhitech Ventures's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹122.0 Mil. Greenhitech Ventures's debt to equity for the quarter that ended in Sep. 2024 was 0.46.

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 Greenhitech Ventures's Debt-to-Equity or its related term are showing as below:

BOM:544163' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.64 Max: 1.1
Current: 0.46

During the past 3 years, the highest Debt-to-Equity Ratio of Greenhitech Ventures was 1.10. The lowest was 0.46. And the median was 0.64.

BOM:544163's Debt-to-Equity is ranked worse than
50.72% of 828 companies
in the Oil & Gas industry
Industry Median: 0.45 vs BOM:544163: 0.46

Greenhitech Ventures Debt-to-Equity Historical Data

The historical data trend for Greenhitech Ventures'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.

Greenhitech Ventures Debt-to-Equity Chart

Greenhitech Ventures Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

0.81

0.47

1.10

Greenhitech Ventures Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Debt-to-Equity	0.81	0.47	1.10	N/A	0.46

Competitive Comparison of Greenhitech Ventures's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Greenhitech Ventures'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.

Greenhitech Ventures's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Greenhitech Ventures's Debt-to-Equity distribution charts can be found below:

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

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Greenhitech Ventures Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Greenhitech Ventures'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
	=	(17.151	+	17.556)	/	31.545
	=	1.10

Greenhitech Ventures'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
	=	(56.118	+	0)	/	122.02
	=	0.46

Greenhitech Ventures (BOM:544163) 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.

Greenhitech Ventures Debt-to-Equity Related Terms

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Greenhitech Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greenhitech Ventures Ltd (BOM:544163) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

B27/92 K1 Jawahar Nagar Colony, Bhelupura, Varanasi, UP, IND, 221010

Website

https://www.greenhitech.org

Greenhitech Ventures Ltd is engaged in trading of various petroleum-based products for the different categories of industries based on their requirement. This includes the supply of biofuels, bitumen, light-density oils, furnace oils, etc. The company is also engaged in Operation & Maintenance as a Job worker for Ethanol manufacturing in government-owned distilleries. It understands the market needs and upgrades its team constantly with growing technology and market trends. The company provides business solutions and services to consumers of Fuels and other alternative materials across India.

Greenhitech Ventures Headlines

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