Paranovus Entertainment Technology (FRA:2UO) Debt-to-Equity : 0.41 (As of Mar. 2024)

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What is Paranovus Entertainment Technology Debt-to-Equity?

Paranovus Entertainment Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €2.11 Mil. Paranovus Entertainment Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.00 Mil. Paranovus Entertainment Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €5.14 Mil. Paranovus Entertainment Technology's debt to equity for the quarter that ended in Mar. 2024 was 0.41.

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 Paranovus Entertainment Technology's Debt-to-Equity or its related term are showing as below:

FRA:2UO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.41
Current: 0.41

During the past 8 years, the highest Debt-to-Equity Ratio of Paranovus Entertainment Technology was 0.41. The lowest was 0.02. And the median was 0.03.

FRA:2UO's Debt-to-Equity is ranked worse than
50.63% of 1657 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs FRA:2UO: 0.41

Paranovus Entertainment Technology Debt-to-Equity Historical Data

The historical data trend for Paranovus Entertainment Technology'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.

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Paranovus Entertainment Technology Debt-to-Equity Chart

Paranovus Entertainment Technology Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.03

0.02

0.03

0.15

0.41

Paranovus Entertainment Technology Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										0.03	0.04	0.15	-	0.41

Competitive Comparison of Paranovus Entertainment Technology's Debt-to-Equity

For the Packaged Foods subindustry, Paranovus Entertainment Technology'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.

Paranovus Entertainment Technology's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Paranovus Entertainment Technology's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Paranovus Entertainment Technology's Debt-to-Equity falls into.

Paranovus Entertainment Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Paranovus Entertainment Technology'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
	=	(2.106	+	0)	/	5.135
	=	0.41

Paranovus Entertainment Technology'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
	=	(2.106	+	0)	/	5.135
	=	0.41

Paranovus Entertainment Technology (FRA:2UO) 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.

Paranovus Entertainment Technology Debt-to-Equity Related Terms

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Paranovus Entertainment Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Paranovus Entertainment Technology Ltd (FRA:2UO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PAVS:USA 2UO:Germany

Address

250 Park Avenue, 7th Floor, New York, NY, USA, 10177

Website

https://www.pavs.ai

Paranovus Entertainment Technology Ltd through its subsidiary, is engaged in the AI-powered entertainment industry, aiming to provide users with AI-driven games and applications to deliver immersive and engaging entertainment experiences. It is planning to launch SimTwin application which will allow users to interact with digital versions of people and capture life moments. The company also has a software development agreement with Blueline Studios Inc which is developing 10,000 Lives, a mobile game where players pursue various careers and life goals using a board game mechanic.

Paranovus Entertainment Technology Headlines

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