Allied Digital Services (NSE:ADSL) Debt-to-Equity : 0.10 (As of Mar. 2024)

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What is Allied Digital Services Debt-to-Equity?

Allied Digital Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹479 Mil. Allied Digital Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹117 Mil. Allied Digital Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹5,786 Mil. Allied Digital Services's debt to equity for the quarter that ended in Mar. 2024 was 0.10.

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 Allied Digital Services's Debt-to-Equity or its related term are showing as below:

NSE:ADSL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.13 Max: 0.45
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Allied Digital Services was 0.45. The lowest was 0.07. And the median was 0.13.

NSE:ADSL's Debt-to-Equity is ranked better than
64.72% of 2205 companies
in the Software industry
Industry Median: 0.2 vs NSE:ADSL: 0.10

Allied Digital Services Debt-to-Equity Historical Data

The historical data trend for Allied Digital Services'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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Allied Digital Services Debt-to-Equity Chart

Allied Digital Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.12

0.09

0.07

0.10

Allied Digital Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.07	N/A	0.08	N/A	0.10

Competitive Comparison of Allied Digital Services's Debt-to-Equity

For the Information Technology Services subindustry, Allied Digital Services'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.

Allied Digital Services's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Allied Digital Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Allied Digital Services's Debt-to-Equity falls into.

Allied Digital Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Allied Digital Services'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
	=	(479.1	+	117.3)	/	5786.1
	=	0.10

Allied Digital Services'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
	=	(479.1	+	117.3)	/	5786.1
	=	0.10

Allied Digital Services (NSE:ADSL) 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.

Allied Digital Services Debt-to-Equity Related Terms

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Allied Digital Services (NSE:ADSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Allied Digital Services Ltd (NSE:ADSL) » Definitions » Debt-to-Equity

Comparable Companies

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532875:India

Address

NCPA Road, Block No. III, Nariman Point, Premises No. 13A, 13th Floor, Earnest House, Backbay Reclamation, Mumbai, MH, IND, 400 021

Website

https://www.allieddigital.net

Allied Digital Services Ltd is an Indian-based information technology service and solutions offering company. The company provides a wide range of information technology and consultancy services such as infrastructure services, end-user IT support, IT asset lifecycle, enterprise applications, and integrated solutions. The business activity of the firm is operated through the Enterprise Computing based Solutions and Infrastructure Management based Solutions segments. Geographically the business presence of the firm is seen across the region of India, the United States, the UK, Singapore, Australia, Ireland, Brazil, Japan, and China.

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