Lytus Technologies Holdings Pvt (Lytus Technologies Holdings Pvt) Debt-to-Equity : 0.60 (As of Sep. 2023)

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What is Lytus Technologies Holdings Pvt Debt-to-Equity?

Lytus Technologies Holdings Pvt's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $4.89 Mil. Lytus Technologies Holdings Pvt's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Lytus Technologies Holdings Pvt's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $8.22 Mil. Lytus Technologies Holdings Pvt's debt to equity for the quarter that ended in Sep. 2023 was 0.59.

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 Lytus Technologies Holdings Pvt's Debt-to-Equity or its related term are showing as below:

LYT' s Debt-to-Equity Range Over the Past 10 Years
Min: -46 Med: 0.14 Max: 0.6
Current: 0.6

During the past 5 years, the highest Debt-to-Equity Ratio of Lytus Technologies Holdings Pvt was 0.60. The lowest was -46.00. And the median was 0.14.

LYT's Debt-to-Equity is ranked worse than
75.72% of 2216 companies
in the Software industry
Industry Median: 0.21 vs LYT: 0.60

Lytus Technologies Holdings Pvt Debt-to-Equity Historical Data

The historical data trend for Lytus Technologies Holdings Pvt'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.

Lytus Technologies Holdings Pvt Debt-to-Equity Chart

Lytus Technologies Holdings Pvt Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

-46.00

0.14

0.12

0.09

0.49

Lytus Technologies Holdings Pvt Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						0.18	0.09	-	0.49	0.60

Competitive Comparison of Lytus Technologies Holdings Pvt's Debt-to-Equity

For the Software - Application subindustry, Lytus Technologies Holdings Pvt'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.

Lytus Technologies Holdings Pvt's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Lytus Technologies Holdings Pvt's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lytus Technologies Holdings Pvt's Debt-to-Equity falls into.

Lytus Technologies Holdings Pvt Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lytus Technologies Holdings Pvt'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
	=	(4.01	+	0.01)	/	8.206
	=	0.49

Lytus Technologies Holdings Pvt's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(4.888	+	0)	/	8.22
	=	0.59

Lytus Technologies Holdings Pvt (NAS:LYT) 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.

Lytus Technologies Holdings Pvt Debt-to-Equity Related Terms

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Lytus Technologies Holdings Pvt (Lytus Technologies Holdings Pvt) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lytus Technologies Holdings Pvt Ltd (NAS:LYT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Meydan Hotel, Nad Al Sheba, Business Center 1, M Floor, Dubai, ARE

Website

https://www.lytuscorp.com

Lytus Technologies Holdings Pvt Ltd is a platform services company primarily providing content streaming/telecasting services to users located all across India. Its scope of business also covers telemedicine services with local assistance through local Health Centers. Through its platform, the customers are well connected via customer premises equipment (CPE) devices/set-top boxes (STBs) and have access to multi-dimensional services including telemedicine service.